Screen KYGen - Kentucky General Information (1040)

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Overview

Use this screen to complete Form 740, Kentucky Individual Income Tax Return, or Form 740-NP, Kentucky Individual Income Tax Return, Nonresident or Part-Year Resident. If information transferred from UltraTax/1040 doesn't require additional data or coding, UltraTax/1040-KY shows it on the form only, not in the input screen.

Return Information

Married filing status (Force)
UltraTax CS automatically optimizes between filing statuses married filing jointly and married filing combined separate. If you leave this field blank, UltraTax CS defaults to optimize between filing status married filing jointly, and married filing combined separate.
If separate NOLs are needed for taxpayer and spouse, use
Married filing status (Force)
to select the married filing combined separate option.
Standard or itemized deductions (Force)
If you leave the field blank, UltraTax CS automatically optimizes between the standard deduction and the itemized deduction.
Not required to file federal return
UltraTax CS automatically includes any required federal forms. Use this field to indicate that no federal forms are required to be attached to the Kentucky return.
National Guard member: taxpayer / spouse
Mark this checkbox to indicate the taxpayer or spouse is a member of the National Guard so that UltraTax CS marks the checkboxes in Section B of Schedule ITC.
Allocate number of dependents to spouse (Force)
UltraTax CS automatically optimizes the number of credits for dependent children and other dependents when filing Form 740 for Kentucky filing status
2
, Married filing combined separate. If you don't want UltraTax CS to automatically allocate dependents, enter the number of dependents you want to allocate to the spouse, and the remainder is allocated to the taxpayer. UltraTax CS uses this number of credits on Form 740, Page 2.
Authorize discussion with state taxing authority
Use this field to change the option indicated in the federal
1040
screen. A global default is available for all new clients for both federal and state returns. Select
Setup
,
1040 Individual
,
Federal
tab, select
New Client Options
, and from the dropdown list select
Yes
for the
Authorize discussion with taxing authority
checkbox.
General footnote
Entries in this statement window proforma from the prior year. The general footnote appears as a separate item in each collation. This statement may be printed and attached to the return for informational purposes.

Contributions

UltraTax CS uses the amounts that you enter in this section to complete the Contributions sections on Form 740 or 740-NP. UltraTax CS limits contributions to the refund available after any Form 2210-K (Underpayment of Estimated Tax by Individuals) penalties.
Political party
If you leave this field blank, UltraTax CS defaults to no designation.
Nature and Wildlife Fund/ ... / Rape Crisis Center Trust Fund
UltraTax CS lets the user enter any amount in the input screen contribution fields. However, if the contribution amounts in the input screen exceed the overpayment amount, UltraTax CS automatically reduces the contribution amounts on the form until the overpayment amount is reduced to zero. Donations are applied in the same sequence that the charities appear on the form until the overpayment is exhausted.

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