Screen MOK1-2 - Missouri Schedule K-1 Income and Deductions (1065)

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Overview

Use this screen to enter deductions, payments, and credits from Missouri Schedules K-1 received from other partnerships, estates, or trusts where the current partnership is a partner or beneficiary. UltraTax CS automatically transfers all applicable the K1-2 Screen information to this input screen. To indicate passthrough income is nonbusiness, enter
X
on the MOAlloc Screen. If this field is not marked, UltraTax CS uses the partner’s federal amounts multiplied by the apportionment percentage to calculate state source income. To change amounts when allocating the Missouri return, enter data in the applicable fields in this screen. Amounts that are specially allocated for federal purposes need to be specially allocated for state purposes.

Pass-through Entity Adjustment

Use this section to enter additions and subtractions to income from a passthrough Missouri Schedule K-1, Part 2. UltraTax CS transfers information in this field to either NRP, Part 2, line 7 or NRP, Part 2, line 14.

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