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Screen VAAdj - Virginia Adjustments to Income (1040)
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Use this screen to enter information regarding adjustments to federal AGI and itemized deductions.
note
State use codes entered on the federal W2 and 1099R screens are required to indicate the related income qualifies for a subtraction on Schedule ADJ. Subtraction codes
28
, 30
, 38
, and 39
are driven by state use codes on the federal W2 screen. Subtraction codes 4
and 24
are driven by state use codes on the federal 1099R screen.Additions and Subtractions
Expenses related to interest on obligations of other states
Enter any expenses related to income from interest on obligations of other states that isn't used to reduce federal adjusted gross income. The amounts entered in these fields reduce the addition for out-of-state municipal income on Schedule 760CG, Page 2 or 763 ADJ, Page 1. Amounts allocated to
Dividends
in the statement are used to reduce taxable dividend income when information is transferred to other state returns for other state tax credit calculations. Any other amounts are used to reduce taxable interest income.Lump sum distributions (Force)
UltraTax CS automatically includes the lump sum income taxable on federal Form 4972 as an addition to federal income using code 12, Lump Sum Distributions. Nonresident returns include only the amounts entered on the 1099R federal screen with postal code
VA
in the in-state income on Form 763, Page 2. Use these fields to force an amount different from the calculated amount.Other additions
Enter amounts that are additions to federal adjusted gross income in this statement. The codes available for other additions are available in the list for the
Code
field in the statement. The Addition
for lump-sum distribution income (code 12) is calculated based on information entered in the federal 1099R
screen.Disability income reported as wages (Force)
UltraTax CS calculates the disability subtraction from data entered in the 1099R federal screen with a distribution code of
3
and the Pre-retirement age disability
field marked. Use these fields to force amounts that are different from the calculated amounts.UltraTax CS optimizes between the disability income subtraction and the age deduction on a taxpayer / spouse basis and uses the one that is most beneficial.
Long-term health care premiums
Enter the long-term health care premiums for Schedule 760ADJ or 763ADJ, Deductions from Virginia Adjusted Gross Income. Previously long-term care premiums would transfer to 760ADJ or 763ADJ from the federal input screens, however this is no longer the case.
Commonwealth savings plan carryovers
Enter current year qualified commonwealth savings plan contributions in the 1099Q federal screen including the account or contract number in the
Account number
field. Use a separate screen for each contract. If not proforma'd, enter the amount of any carryover in the statement attached to this field including the account or contract number, and taxpayer or spouse designation. These amounts are combined to calculate the Virginia Commonwealth Savings Plan Carryover Worksheet.ABLE savings plan deduction carryover
Enter current year qualified ABLE savings plan contributions in the 1099QA federal screen using
State Use
code 25
.If not proforma'd, enter the amount of any carryover in the statement attached to this field including the taxpayer / spouse designation. These amounts are combined to calculate the Virginia ABLE Plan Carryover Worksheet.
Military basic pay subtraction (Force)
The subtraction for basic military pay is calculated from data entered in the W-2 federal screen as military wages when the
State Use
code is 4
. Enter amounts eligible for subtraction if different from the calculated amounts. The amounts entered here are limited to $15,000 per taxpayer and spouse.Military retirement benefits subtraction (Force)
The subtraction for military retirement benefits is calculated from data entered in the 1099R federal screen when the
State Use
code is 24
. Enter amounts eligible for subtraction if different from the calculated amounts. The amounts entered here are limited to the annual threshold established by the Virginia Department of Taxation per taxpayer and spouse.Death benefit payments (Force)
UltraTax CS includes the lump sum income taxable on federal Form 4972 as a subtraction to the federal income using code 49, Certain Death Benefit Payments when
State Use
code is 4
, Qualified death benefit from an annuity contract is entered on the 1099R federal screen. Use these fields to force an amount different from the calculated amount.Other subtractions and deductions
Enter allowable subtractions and deductions from federal adjusted gross income in the statement.
The subtractions for Tier II Railroad Retirement and Railroad unemployment benefits (code 22), Unemployment compensation benefits (code 37), Basic military pay (code 38), Federal and state employees (code 39), and Certain death benefit payments (code 49), as well as the Deductions for child and dependent care expenses (code 101), Commonwealth savings plan contributions (code 104), Long-term health care premiums (code 106), and Charitable mileage (code 111), and ABLENow (code 115) are calculated based on information entered in federal 1040 version of UltraTax CS.
note
The subtraction for work opportunity wages tax credit (code 21) is calculated from the data entered in the Cr-Bus federal screen. An amount entered here with code
21
overrides the calculated amount.note
If claiming a subtraction for Code
56
(Venture Capital Investment) and/or Code 57
(Virginia Real Estate Investment Trust), you'll need to enter the 9-digit certification number that was provided.Itemized Deductions
UltraTax CS defaults to contributions paid and casualty losses from federal Schedule A. Use this section to enter amounts if limited by federal AGI or Fixed Date Conformity FAGI.
Itemized deductions (Force) / State and local taxes (Force)
For returns using the married filing separate filing status, use these fields to allocate the portion of the total itemized deductions and state and local taxes to the taxpayers return. Enter amounts after fixed date conformity adjustments.