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Shareholder Information > Michigan 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 — Michigan 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 listing the shareholder on Form 807, Page 4.
Code | Description |
|---|---|
1 | Individual return filer (default) This is the default filing for nonresident shareholder when a code is not selected from the dropdown list. Select 1 to indicate the shareholder is filing an individual tax return, and to list the shareholder on Form 807, Page 4. |
2 | Composite filer Select 2 to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form 807 for participating nonresident shareholders and lists each on Form 807, Page 3. |
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 on the
MIKSep
screen. UltraTax CS prints the information you enter in this statement in the Michigan Shareholder Information
statements.