Screen ORK1-2 - Oregon Passthrough Adjustments (1065)

Overview

Use this screen to enter passthrough information for Form OR-65, and Schedule OR-AP part 2. UltraTax CS automatically transfers all needed K1 screen information to this input screen. To indicate passthrough income is nonbusiness, enter
X
in
Passthrough income is nonbusiness
on the ORAlloc screen. If this box isn't 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 Oregon return, enter data in the boxes or statement in this screen. Amounts that are specially allocated for federal purposes need to be specially allocated for state purposes.

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