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Enter Section 199A amounts if a shareholder has left

If a shareholder left in the middle of the year and received a portion of the Section 199A amounts, you need to enter the termination date and Section 199A amounts.
note
UltraTax CS doesn't print the Shareholder's Section 199A Information Worksheet for the shareholder. A Schedule K-1 statement prints with the totals of the Section 199A items for all the activities. You need to indicate whether the shareholder is a specified service trade or business.
  1. Select the
    Screen 1377-4
     window, then
    Shr Allocation
     folder.
  2. Enter the termination date for the IRC 1377 or 1368.
  3. Go to
    View
    ,
    Shareholder Information
    ,
    Other Info
     tab,
    Supplemental information
     window.
  4. Select
    View
    ,
    Shareholder Information
    ,
    Other Info
     tab.
  5. Indicate whether the activity is a specified service.

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