Screen HIKSep - Hawaii Shareholders' Separately Stated Items (1120)

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Section A

Hawaii Amount
Based on the location code entered in the
Loc
field for the item, the application transfers the amount entered in this field to Schedule K and/or K-1. If the item is transferred to Schedule K-1, the application allocates the amount to all shareholders based on the shareholder’s percentage of ownership and apportionment percentage (if applicable) depending on residency status. If an item is not to be allocated based on the ownership percentage, enter that item in Shareholder Information, as supplemental information.
Elsewhere Amount
Based on the location code entered in the
Loc
field for the item, the application transfers the amount entered in this field to Schedule K and/or K-1. If the item is transferred to Schedule K-1, the application allocates the amount to all shareholders based on the shareholder’s percentage of ownership and apportionment percentage (if applicable) depending on residency status. If an item is not to be allocated based on the ownership percentage, enter that item in Shareholder Information, as supplemental information.

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