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Shareholder Information > Illinois tab
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Use the state tabs in the
Shareholder Information
window to enter state-specific information for shareholders. State tabs appear only if you've added states to the return.To update a shareholder's state-specific information, select that shareholder in the
Shareholder Information
window, then the state tab.Fields and buttons — Illinois information group box
Nonresident filer
If the shareholder is a nonresident, enter a code from the following table or select the code from the dropdown list to indicate the type of nonresident filing to be made by the shareholder. If the shareholder is a nonresident, UltraTax CS defaults to calculating pass-through withholding payments on Schedule K-1-P(3).
Code | Description |
|---|---|
1 | Pass-through withholding payment (default) .This is the default filing for nonresident shareholder when a code is not selected from the dropdown list. Select 1 option to indicate the nonresident shareholder should calculate a pass-through withholding payment on Schedule K-1-P(3). |
2 | Form IL-1000-E on file (Non-individual only) .Select this option to indicate the shareholder is exempt from pass-through withholding payments and Form IL-1000-E was previously filed. UltraTax CS does not complete Schedule K-1-P(3). This option does not apply to individual non-resident shareholders per Form IL-1000-E instructions. |
3 | Complete Form IL-1000-E (Non-individual only) .Select 3 to indicate the shareholder is exempt from pass-through withholding payments and Form IL-1000-E is being filed this year. UltraTax CS doesn't calculate Form IL-1000-E and the form must be completed as a non-calculating form by the user. This option does not apply to individual non-resident shareholders per Form IL-1000-E instructions. |
Disregarded entity
Mark this checkbox if the shareholder is a Disregarded Entity. When you mark this checkbox, UltraTax CS marks the
Disregarded Entity
checkbox on Schedule K-1-P, Step 2, line 9b.Name
Enter the name of the entity the Schedule K-1-P amounts will be reported by. When you enter a name, UltraTax CS completes the
Name
on Schedule K-1-P, Step 2, line 9b.SSN or FEIN
Enter the SSN or FEIN of the entity that will report the Schedule K-1-P amounts. When you enter a SSN or FEIN, UltraTax CS completes the SSN or FEIN field on Schedule K-1-P, Step 2, line 9b.
C/O
Enter the C/O for the shareholder. When you enter a C/O, UltraTax CS completes the C/O field on Schedule B, Section B.
Supplemental information
Use this statement for supplemental information specific to each shareholder and for items that are not pro-rata. If you have pro-rata items that need to be reported to each shareholder, use Section A in the
ILKSep
screen. UltraTax CS prints the information you enter here in the Schedule K-1-P statements.