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Shareholder Information > Schedule RK-1/NRK-1 amounts dialog (1120-PA)

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Use the
Schedule RK-1/NRK0-1 amounts
 window to enter Pennsylvania-specific shareholder information for Schedules RK-1 and NRK-1. Nontaxable income, nondeductible expenses, property distributions and loan repayments are reported on RK-1 or NRK-1, Part VI and listed on the
Nontaxable Income/Nondeductible Expenses Worksheet
.
You'll need to have a client with Pennsylvania attached. Select
View
,
Shareholder Information
, the
Pennsylvania
 tab, then
Schedule RK-1/NRK-1 amounts.

Fields and buttons — Credit group box

Resident credit
Enter the state, Pennsylvania income loss, taxes paid to the state, and the resident credit claimed in the statement.

Fields and buttons — Distributions group box

Distributions from accumulated adjustments account (Force)
Enter the individual shareholder's non pro-rata share of nontaxable distributions.
note
The amount you enter takes precedence over amounts you entered at the federal level. UltraTax CS transfers this amount to the individual's Schedule RK-1 or NRK-1, Part V.
Distributions from cash, marketable securities and property (Force)
Enter the individual shareholder's non pro-rata share of dividend distributions in this field.
note
The amount you enter takes precedence over amounts you entered at the federal level. UltraTax CS transfers this amount to the individual's Schedule RK-1 or NRK-1, Part V.

Fields and buttons — Nontaxable income/nondeductible expenses group box

Tax-exempt interest income (Force)
Enter the shareholder's non pro-rata share of tax-exempt interest income.
note
The amount you enter takes precedence over amounts you entered at the federal level. UltraTax CS transfers this amount to the individual's Schedule RK-1 or NRK-1, Part VI.
Other tax-exempt income (Force)
Enter the shareholder's non pro-rata share of other tax-exempt interest income.
note
The amount you enter takes precedence over amounts you entered at the federal level. UltraTax CS transfers this amount to the individual's Schedule RK-1 or NRK-1, Part VI.
Nonresident interest income (Force)
Enter the nonresident shareholder's non pro-rata share of interest income. This field does not apply to resident shareholders.
note
The amount you enter takes precedence over amounts you entered at the federal level. UltraTax CS transfers this amount to the individual's Schedule RK-1 or NRK-1, Part VI.
Other nontaxable income
Enter the shareholder's non pro-rata share of other nontaxable income in the statement.
Nondeductible expenses (Force)
Enter the shareholder's non pro-rata share of other nondeductible expenses.
note
The amount you enter takes precedence over amounts you entered at the federal level. UltraTax CS transfers this amount to the individual's Schedule RK-1 or NRK-1, Part VI.
Other nondeductible expenses
Enter the shareholder's non pro-rata share of other nondeductible expenses in the statement.
Property distributions (Force)
Enter the shareholder's non pro-rata share of property distributions.
note
The amount you enter takes precedence over amounts you entered at the federal level.
Loan repayments
Enter the shareholder's non pro-rata share of loan repayments.

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