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Screen PAC - Pennsylvania Business (1040)

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Overview

Use this screen to enter information to complete Form PA-40 Schedule C, Profit or (Loss) from Business or Profession. Amounts on Screen PAC are automatically transferred from the federal C screen. It's important to report any state-related law differences and details in the PAC screen.
note
  • Add or delete units for this screen in the corresponding federal screen instead..
  • For part-year and nonresident returns, amounts entered in the federal C screen are multiplied by instate percentage upon transfer to this screen, if applicable.

General Information

City
If filing a Pennsylvania city return, enter the 3-digit Local city code, the 3-letter code for Pittsburgh (PGH) or the 3-letter code for Philadelphia (PHL). Schedule C income and expenses transfer to that city's return. For more information on setting up the 3-digit local city code, see 1040-PA Local Cities Setup dialog.
Product or service
Enter the description for the product or service for Schedule C. This field is required for electronic filing.
Type of revenue for Philadelphia Form BIRT
This field affects only the Philadelphia Business Income and Receipts Tax return. In order for the BIRT return to calculate, code
19
 and a 7-digit city account number must be entered in the
State Use
 field on the federal C screen. Identify the income source in this field to have UltraTax CS transfer the income to the appropriate lines on the city return.
Filing Form NRH / ... / Pennsylvania Form NRH Apportionment factors
These fields are available only to part-year residents and nonresidents of Pennsylvania. To generate Schedule NRH for this activity, enter
X
 in the
Filing Form NRH
 field. Complete the 2 statement windows to supply the business information and apportionment factors.
If the multi-state allocation spreadsheet is used at the federal level to allocate a Schedule C, the NRH fields are disabled for that Schedule C and any information entered in the statement windows attached to the
Pennsylvania Form NRH Business information
 or
Pennsylvania Form NRH Apportionment factors
 fields aren't used.

Income

Other income
When the sale, exchange, or casualty / theft of a business asset matches a unit from the PASale, PA8824, PAInPY, and PA4684B screens, the description and corresponding gain or loss is shown in a separate statement when printing the return.
Cancellation of debt (Force)
UltraTax CS brings in the cancellation of debt from the federal cancellation of debt worksheet, columns A, B and C. When more than 1 1099C is present, UltraTax CS brings in the total reported amount for this activity. Use this field to enter another amount if different than the ones calculated. The force field will override the 3 separate amounts and the description of
Cancellation of debt (Force)
 will be used in the statement for
Other income
.

Cost of Goods Sold

Purchases - personal use
Enter the cost of inventory items withdrawn for personal use. This amount is used to adjust the cost of goods sold.

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