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Screen HIK1 - Hawaii Schedule K-1, 1065/1120S - General Information (1040)

Overview

Use the
HIK1
 through
HIK1-7
 screens to calculate the Hawaii K-1 Reconciliation Worksheets. Amounts that appear in these screens automatically transfer from federal
K1
 screens or the state allocation spreadsheet. The data transferred depends on the residency status of the return and the method of federal data entry.
For resident returns, Hawaii
State, if different
 amounts transfer to the
Total Sources
 fields if present. If there are no Hawaii
State, if different
 amounts entered, the federal amounts transfer.
Hawaii Sources
 fields aren't available to a resident return.
For part-year and nonresident returns when K1 data is entered without using the state allocation worksheet, Hawaii
State, if different
 amounts transfer to the
Total sources
 and
Hawaii sources
 fields if present. Blank
State, if different
 fields default to transferring the federal information to the
Total Sources
 column; blank
State, if different
 fields default to transferring the federal information to the
Hawaii Sources
 column only when the postal code of the activity is HI.
For K1 data that has been entered using the state allocation spreadsheet, amounts entered in the
Hawaii - Total Sources
 column transfer to the
Total Sources
 fields. For part-year and nonresident returns, amounts entered in the
Hawaii - HI Sources
 column transfer to the
Hawaii Sources
 fields. Blank
Hawaii - Total Sources
 column amounts default to transfer federal amounts. Blank
Hawaii - HI Sources
 column amounts default to transfer
Hawaii - Total Sources
 column amounts.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual
  • State: Hawaii

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