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Screen SCAdj - South Carolina Adjustments (990)

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Additions and Deductions

Federal net operating loss (Force) (uses amount from Federal 990-T)
Federal net operating loss is used for calculating the subtraction for South Carolina. Enter an amount if a portion of the loss should be allocated to a different state.
Other additions
Use the statement to enter any adjustments that must be added back to federal net income to arrive at South Carolina net income subject to tax.
US Obligation Interest (Force) (uses amounts from federal Screen Income or federal Screen Income PF)
Tax-exempt interest expense transfers from the
Expenses from tax-exempt interest
 statement dialog in the federal Mc or Ms screens. To include tax-exempt income expense on Schedule A and B, enter an amount in the
State Amount
column.
Other deductions
Use the statement to enter any adjustments that must be deducted from federal net income to arrive at South Carolina net income subject to tax. Employment credits, dividends, foreign dividend gross-up, and interest on U.S. obligations transfer from the federal return into this statement.

Income Allocation

Information in this section completes Form SC 990-T, Page 3; Schedules F, G and H.

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