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Screen KYGen - Kentucky Partnership Return (1065)

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General Information

LLET nonfiling status code
Enter the LLET nonfiling status code. If you make an entry here, the LLET portion of the return won't calculate.
Income return nonfiling status
Enter
X
 to indicate the 765 income return isn't required.
State of organization if different from federal postal code
Enter the state of organization. Note that UltraTax CS assumes that the state of organization is the same as the federal postal code if this box is blank.
Date business commenced
Enter the date that business commenced in the State of Kentucky. Note that UltraTax CS assumes that the date business started is the same as on the federal return if this box is blank.
Principal activity in Kentucky
Enter the principal business activity in Kentucky to complete Form 765, Page 1. Note that UltraTax CS assumes that the principal activity is the same as on the federal return if this box is blank.
Kentucky business code
Enter the Kentucky business code to complete Form 765-GP and Form 765, Page 1. Note that UltraTax CS assumes that the principal activity is the same as on the federal return if this box is blank.
Initial return
Enter
X
 to indicate that the return is initial. Note that UltraTax CS assumes that the state return is initial if the federal return is marked as initial.
Final return
If the federal return is final and this box is blank, the Kentucky return and Kentucky Schedule K-1 Partner’s Share of Income, Credits, Deductions, etc are marked as final. If the federal return isn't final, but you wish to mark the Kentucky return as final, enter
1
. If you don't wish to mark the Kentucky return as final when the federal return is final, enter
2
.
Explanation of final return / short-period return
Select an explanation for final or short period return. UltraTax CS will mark the corresponding markbox on Form 765 GP, page 2, Part II, or Form 765, Page 2, Part III.
Other
Enter an explanation if option
6
 was selected for
Explanation of final return / short-period return
.
Qualified investment partnership
Enter
X
 to indicate that this partnership is formed only to hold investments that produce income, and thus isn't subject to taxation for nonresident partners.
Department of revenue discuss return with preparer
Enter
1
 for Yes or
2
 for No, if the option for the state return is different from the federal. UltraTax CS assumes that permission is granted to discuss the state return if permission is granted to discuss the federal return. If you leave this box blank, UltraTax CS defaults to the entry on the federal 1065 screen.
General footnote
Use this statement to enter any miscellaneous information that needs to be conveyed with the return. The general footnote appears as a separate item in each collation.

Amended

Amended return if different from federal Screen 1065
If the federal return is amended and this box is blank, the Kentucky return and Schedule K-1 are also marked as amended. If the federal return isn't amended but you wish to amend the Kentucky return, enter
1
. If you don't wish to amend the Kentucky returns when amending the federal return, enter
2
 and the Kentucky returns aren't marked as amended.
LLET paid on original return
Enter LLET paid on original return. Amounts entered here transfer to Form 765, Page 1, line 12.
LLET overpayment on original return
Enter LLET overpayment on original return. Amounts entered here transfer to Form 765, Page 1, line 13.

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