Screen ORAlloc - Oregon Allocation (1065)

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Allocated Items

Rental real estate activities are nonbusiness
Enter
X
to indicate that rental real estate activities are nonbusiness. UltraTax CS automatically allocates farm rentals and rental real estate activities on Schedule OR-AP part 2, based on the state postal code entered in the federal 4835 and Rent screens. If this box isn't marked, UltraTax CS uses the total federal amounts multiplied by the apportionment percentage to calculate the state source income.
Other rental activities are nonbusiness
Enter
X
to indicate that other rental activities are nonbusiness. UltraTax CS automatically allocates other rentals on Schedule OR-AP part 2, based on the state postal code entered in the federal Rent screen. If this box isn't marked, UltraTax CS uses the total federal amounts multiplied by the apportionment percentage to calculate the state source income.
Royalty activities are nonbusiness
Enter
X
to indicate that royalty activities are nonbusiness. UltraTax CS automatically allocates royalties on Schedule OR-AP part 2, based on the state postal code entered in the federal Rent screen. If this box isn't marked, UltraTax CS uses the total federal amounts multiplied by the apportionment percentage to calculate the state source income.
Passthrough income is nonbusiness
Enter
X
to indicate that passthrough activities are nonbusiness. UltraTax CS uses the information entered on the ORK1 screen to allocate passthrough income on Schedule OR-AP part 2. If this box isn't marked, UltraTax CS uses the partner’s federal amounts multiplied by the apportionment percentage to calculate state source income.

Nonbusiness Income Amounts from Federal Schedule K

Nonbusiness Income / Oregon Allocated
Use the statement to enter the total nonbusiness income included in line 1 and the amount of income allocated entirely to Oregon.
Gains from Prior Year Installment Sales / Oregon Apportioned
Use the statement to enter the total gains from prior-year installment sales included in line 1 and the amount of gain apportioned entirely to Oregon.

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