Form 1120-C Schedule G calculation
UltraTax CS/1120 doesn't automatically calculate Schedule G.
A cooperative association isn't required to complete Schedule G if the total receipts for the year and year-end assets are less than $250,000.
If you want to calculate Schedule G when it isn't required, select the
Complete Schedule G when receipts and assets are less than $250,000 (Form 1120-C)
field under Setup
, 1120 Corporation
, the Federal
tab, Other Return Options
, then the Return Presentation
tab.note
To set this option on a client-by-client basis, select the
Complete Schedule G when not required
field on the 1120C
screen in the 1120C
folder. The field on the 1120C
screen isn't available if you already selected the checkbox under Setup
, 1120 Corporation
, the Federal
tab, Other Return Options
, then the Return Presentation
tab.
