Tax Code Listing For Chart Of Accounts Setup
ACCOUNTING AND ENGAGEMENT PRODUCTSIN THE CS PROFESSIONAL SUITE Tax Code Listing forChart of Accounts Setupversion 2019.x.x
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ContentsIntroduction. 1Additional information . 2Tax Codes — 1040, Individuals . 3Tax Codes – 1041, Fiduciaries . 9Tax Codes – 1065, Partnerships . 15Tax Codes – 1120, C-Corporations . 25Tax Codes – 1120S, S-Corporations . 37Tax Codes – 990, Exempt Organizations . 47Tax Codes – 990, Private Foundations . 57Tax Codes – 5500, Employee Benefit Plans . 63Tax Code Listing for Chart of Accounts Setupiii
ContentsivTax Code Listing for Chart of Accounts Setup
IntroductionTax code assignments* can be made in your CS Professional Suite application toassociate the balances from specific general ledger accounts for tax reporting, asfollows:Account balances from:AccountingCS (v.2010.1.0) or higherTransfer to:UltraTax CS (v.09.5 or higher)Lacerte ProSystem fx ProSeries Workpapers CS (v.2012.1.0 or higher)UltraTax CS (v.11.5 or higher)LacerteProSystem fxProSeriesEngagement CS in Creative SolutionsAccounting (CSA)UltraTax CSGoSystem Tax RSLacerteProSystem fxProSeries* For Engagement CS and UltraTax CS, the actual tax code assignments can be made either in theaccounting software or in the tax software.The tax code assignments that you make during Chart of Accounts setup enableyour tax software to carry the general ledger balances to the proper lines on theappropriate tax forms.This document lists the tax codes plus the latest form and input screen referencesfor tax processing with UltraTax CS. Tax codes that have been added for 2019 aremarked NEW (in the Tax Code column next to the number).See also: Tax Code Diagrams for Chart of Accounts Setup (PDF)Tax Code Listing for Chart of Accounts Setup1
IntroductionAdditional information2 The options that are available in the drop-down list for the Tax Code field in theSetup Chart of Accounts screen are based on the client’s entity type (asspecified in Accounting CS or Workpapers CS on the Accounting Informationtab of the Setup Clients screen; or in Engagement CS on the Trial Balancetab of either the File Client Properties dialog or the File New Client dialog.) You do not need to update existing tax code assignments in response to taxform changes from year to year because UltraTax CS or GoSystem Tax RS canhandle such changes automatically. Accounting CS and Workpapers CS also enable users to create custom taxcodes. For details, search on Custom tax codes from the search field in yourapplication. For additional details, search on Tax codes from the search field in yourapplication.Tax Code Listing for Chart of Accounts Setup
Tax Codes — 1040, IndividualsTax CodeDescriptionForm, Line #503Rental incomeSch E, L3504Royalty incomeSch E, L4505AdvertisingSch E, L5506Auto and travelSch E, L6507Cleaning and maintenanceSch E, L7508CommissionsSch E, L8509InsuranceSch E, L9510Legal and other prof feesSch E, L10511Management feesSch E, L11512Mortgage interestSch E, L12513Other interestSch E, L13514RepairsSch E, L14515SuppliesSch E, L15516TaxesSch E, L16517UtilitiesSch E, L17518Other expensesSch E, L19519Other interest - mortgageSch E, L13520DepreciationSch E, L18521TravelSch E, L6522Qfld mortage ins premiumsSch E, L13525Rent income – 1099-KSch E, L3580DepletionSch E, L18600Sales of items bought 1099-KSch F, L1a601Sales of items bought non 1099KSch F, L1a602Cost/basis of items boughtSch F, L1b603Sales of items raised 1099-KSch F, L2604Sales of items raised non1099KSch F, L2Tax Code Listing for Chart of Accounts Setup3
Tax Codes — 1040, Individuals4Tax CodeDescriptionForm, Line #605Total cooperative distributionSch F, var606Agricultural program paymentsSch F, var607CCC loans reportedSch F, var608Crop insurance proceedsSch F, var609Custom hire income non-1099-KSch F, var610Other income non-1099-KSch F, var611Other income 1099-KSch F, var612Car and truck expensesSch F, L10613ChemicalsSch F, L11614Conservation expensesSch F, L12615Custom hire workSch F, L13616DepreciationSch F, L14617Employee benefit programsSch F, L15618Feed purchasedSch F, L16619FertilizersSch F, L17620Freight and truckingSch F, L18621Gasoline, fuel and oilSch F, L19622InsuranceSch F, L20623Interest - financial instSch F, L21a624Labor hiredSch F, L22625Pension and profit sharingSch F, L23626Vehicles rentedSch F, L24a627Repairs and maintenanceSch F, L25628Seeds and plantsSch F, L26629Storage and warehousingSch F, L27630Supplies purchasedSch F, L28631TaxesSch F, L29632UtilitiesSch F, L30633Veterinary feesSch F, L31634Other expensesSch F, L32a637Accrual sales 1099-KSch F, L37638Accrual sales non-1099KSch F, L37647Cost of items for resaleSch F, L46649Inventory at end of yearSch F, L48659Custom hire income 1099-KSch F, var683Other interest expenseSch F, L21b685Preproductive expensesSch F, L32fTax Code Listing for Chart of Accounts Setup
Tax Codes — 1040, IndividualsTax CodeDescriptionForm, Line #686Other rental expenseSch F, L24b687CCC loans forfeitedSch F, var688Crop insurance amount deferredSch F, L6d689Self-employed health insuranceSch 1, L16690Long-term care premiumsSch 1, L16701Income from production4835, L1702Distributions from cooperative4835, L2a703Agricultural program payments4835, L3a704CCC loans reported under elec4835, L4a705Crop insurance proceeds - CY4835, L5a706Other income4835, L6708Car and truck expenses4835, L8709Chemicals4835, L9710Conservation4835, L10711Custom hire4835, L11712Depreciation4835, L12713Employee benefits4835, L13714Feed purchased4835, L14715Fertilizer4835, L15716Freight4835, L16717Gasoline4835, L17718Insurance4835, L18719Interest - financial inst4835, L19a720Labor hired4835, L20721Pension and profit sharing4835, L21722Rent - machinery4835, L22a723Repairs4835, L23724Seeds4835, L24725Storage4835, L25726Supplies4835, L26727Taxes4835, L27728Utilities4835, L28729Veterinary4835, L29730Other expenses4835, L30a781Preproductive expenses4835, L30g782Rent expense - other4835, L22b784CCC loans forf/repaid w/cert4835, L4bTax Code Listing for Chart of Accounts Setup5
Tax Codes — 1040, Individuals6Tax CodeDescriptionForm, Line #785Crop ins amt deferred from PY4835, L5d789Interest expense - other4835, L19b801Gross receipts – non-1099-KSch C, L1802Returns and allowancesSch C, L2806Other incomeSch C, L6808AdvertisingSch C, L8809Bad debtsSch C, L27810Car and truck expensesSch C, L9811CommissionsSch C, L10812DepletionSch C, L12813DepreciationSch C, L13814Employee benefit programsSch C, L14815InsuranceSch C, L15816Interest - mortgageSch C, L16a817Legal and professional feesSch C, L17818Office expensesSch C, L18819Pension and profit sharingSch C, L19820Rent - machinerySch C, L20a821Repairs and maintenanceSch C, L21822SuppliesSch C, L22823Taxes and licensesSch C, L23824TravelSch C, L24a825UtilitiesSch C, L25826WagesSch C, L26827Other expensesSch C, L27a828Contract laborSch C, L11834PurchasesSch C, L36835Cost of laborSch C, L37836MaterialsSch C, L38837Other costsSch C, L39839Ending inventorySch C, L41850Gross receipts – 1099-KSch C, L1880Rental - otherSch C, L20b882Meals subject to DOT limitSch C, L24b883Meals fully deductibleSch C, L24b884Meals subject to 50% limitSch C, L24b886Interest - otherSch C, L16bTax Code Listing for Chart of Accounts Setup
Tax Codes — 1040, IndividualsTax CodeDescriptionForm, Line #887Self-employed health insuranceSch 1, L16888Long-term care premiumsSch 1, L16Tax Code Listing for Chart of Accounts Setup7
Tax Codes — 1040, Individuals8Tax Code Listing for Chart of Accounts Setup
Tax Codes – 1041, FiduciariesTax CodeDescriptionForm, Line #100Interest income1041, L1101Dividend income1041, L2a102Other income1041, L8200Interest expense1041, L10201Taxes1041, L11202Fiduciary fees1041, L12203Attorney, accountant fees1041, L14204Other deductions1041, L15a205Misc deducts (accounting inc.)Acctginc Wrk206Amount paid for charity - CYSch A, L1207Amount set aside for charity - CYSch A, L1208Cap gain set aside for charity - CYSch A, L4300Cash1041A, L25301Savings & temp cash investment1041A, L26302Accounts receivable1041A, L27a303Allowance for doubtful accts1041A, L27b305Notes & loans receivables1041A, L28a306Allowance for doubtful accts1041A, L28b307Inventories1041A, L29308Prepaid expenses1041A, L30315Investments: government1041A, L31316Investments: corporate stock1041A, L32317Investments: corporate bonds1041A, L33318Investments: land, buildings1041A, L34a319Accumulated depreciation1041A, L34b320Investments: other1041A, L35325Land, buildings & equipment1041A, L36aTax Code Listing for Chart of Accounts Setup9
Tax Codes – 1041, Fiduciaries10Tax CodeDescriptionForm, Line #326Accumulated depreciation1041A, L36b340Accounts payable & accrued exp1041A, L39342Other assets1041A, L37350Mortgages and other notes1041A, L40351Other liabilities1041A, L41365Total principal or corpus1041A, L43368Undistributed income1041A, L44400Cash5227, L38401Savings & temp cash investment5227, L39402Accounts receivable5227, L40a403Allowance for doubtful accts5227, L40b404Receivables due from officers5227, L41405Other notes & loans receivable5227, L42a406Allowance for doubtful accts5227, L42b407Inventories5227, L43408Prepaid expenses5227, L44415Investments: government5227, L45a416Investments: corporate stock5227, L45b417Investments: corporate bonds5227, L45c418Investments: land, buildings5227, L46a419Accumulated depreciation5227, L46b420Investments: other5227, L47425Land, buildings & equipment5227, L48a426Accumulated depreciation5227, L48b432Other assets5227, L49440Accounts payable & accrued exp5227, L51441Revenue for future periods5227, L52442Loans from officers, etc5227, L53450Mortgages and other notes5227, L54451Other liabilities5227, L55465Total principal or corpus5227, L57466Undistributed income5227, L58a467Undistributed capital gains5227, L58b468Undistributed nontaxable inc5227, L58c503Schedule E, Rental incomeSch E, L3504Schedule E, Royalty incomeSch E, L4505Schedule E, AdvertisingSch E, L5Tax Code Listing for Chart of Accounts Setup
Tax Codes – 1041, FiduciariesTax CodeDescriptionForm, Line #506Schedule E, Auto and travelSch E, L6507Schedule E, Cleaning and maintSch E, L7508Schedule E, CommissionsSch E, L8509Schedule E, InsuranceSch E, L9510Schedule E, Legal & other profSch E, L10511Schedule E, Management feesSch E, L11512Schedule E, Int-financial instSch E, L12513Schedule E, Other interestSch E, L13514Schedule E, RepairsSch E, L14515Schedule E, SuppliesSch E, L15516Schedule E, TaxesSch E, L16517Schedule E, UtilitiesSch E, L17518Schedule E, Other expensesSch E, L19520Schedule E, DepreciationSch E, L18580Schedule E, DepletionSch E, L18588Schedule E, Refinancing pointsSch E, L12601Schedule F, Sale of items purSch F, L1a602Schedule F, Cost of items purSch F, L1b604Schedule F, Raised item salesSch F, L2605Schedule F, Total coop distrSch F, var606Schedule F, Agricultural pymtsSch F, var607Schedule F, CCC loans reportedSch F, var608Schedule F, Crop ins proceedsSch F, var609Schedule F, Custom hire incomeSch F, var610Schedule F, Other incomeSch F, var612Schedule F, Car/truck expensesSch F, L10613Schedule F, ChemicalsSch F, L11614Schedule F, Conservation expSch F, L12615Schedule F, Custom hire workSch F, L13616Schedule F, DepreciationSch F, L14617Schedule F, Empl benefit progSch F, L15618Schedule F, Feed purchasedSch F, L16619Schedule F, FertilizersSch F, L17620Schedule F, Freight & truckingSch F, L18621Schedule F, Gas, fuel and oilSch F, L19622Schedule F, InsuranceSch F, L20623Schedule F, Int-financial instSch F, L21aTax Code Listing for Chart of Accounts Setup11
Tax Codes – 1041, Fiduciaries12Tax CodeDescriptionForm, Line #624Schedule F, Labor hiredSch F, L22625Schedule F, Pens/profit shareSch F, L23626Schedule F, Rent - vehiclesSch F, L24a627Schedule F, Repairs and maintSch F, L25628Schedule F, Seeds and plantsSch F, L26629Schedule F, StorageSch F, L27630Schedule F, Supplies purchasedSch F, L28631Schedule F, TaxesSch F, L29632Schedule F, UtilitiesSch F, L30633Schedule F, Veterinary feesSch F, L31634Schedule F, Other expensesSch F, L32a647Schedule F, Cost of resale itmSch F, L46649Schedule F, Inventory - endingSch F, L48683Schedule F, Interest - otherSch F, L21b684Schedule F, Preproductive expSch F, L32b686Schedule F, Rent - otherSch F, L24b687Schedule F, CCC loan forfeitedSch F, var688Schedule F, Crop ins deferredSch F, L6d801Schedule C, Gross receiptsSch C, L1802Schedule C, Returns & allowSch C, L2806Schedule C, Other incomeSch C, L6808Schedule C, AdvertisingSch C, L8810Schedule C, Car/truck expSch C, L9811Schedule C, CommissionsSch C, L10812Schedule C, DepletionSch C, L12813Schedule C, DepreciationSch C, L13814Schedule C, Empl benefit progSch C, L14815Schedule C, InsuranceSch C, L15816Schedule C, Int-financial instSch C, L16a817Schedule C, Legal & other profSch C, L17818Schedule C, Office expensesSch C, L18819Schedule C, Pens/profit shareSch C, L19820Schedule C, Rent - machinerySch C, L20a821Schedule C, Repairs & maintSch C, L21822Schedule C, SuppliesSch C, L22823Schedule C, Taxes & licensesSch C, L23824Schedule C, TravelSch C, L24aTax Code Listing for Chart of Accounts Setup
Tax Codes – 1041, FiduciariesTax CodeDescriptionForm, Line #825Schedule C, UtilitiesSch C, L25826Schedule C, WagesSch C, L26827Schedule C, Other expensesSch C, L27a828Schedule C, Contract laborSch C, L11836Schedule C, PurchasesSch C, L36837Schedule C, Cost of laborSch C, L37838Schedule C, MaterialsSch C, L38839Schedule C, Other costsSch C, L39841Schedule C, Inventory - endingSch C, L41880Schedule C, Rent - otherSch C, L20b884Schedule C, Meal/entertainmentSch C, L24b886Schedule C, Interest - otherSch C, L16bTax Code Listing for Chart of Accounts Setup13
Tax Codes – 1041, Fiduciaries14Tax Code Listing for Chart of Accounts Setup
Tax Codes – 1065, PartnershipsTax CodeDescriptionForm, Line #100Gross receipts or sales1065, L1a101Returns and allowances1065, L1b103Other income1065, L7104Retirement plans: accrued1065, L18110Interest incomeSch K, L5111Ordinary dividendsSch K, L6a112Other portfolio incomeSch K, L11114Other incomeSch K, L11115U.S. interestSch K, L5116Mining exploration cost recapSch K, L11117Cancellation of debtSch K, L11120 *GST-Ord inc (loss) from fiduciar1065, L4121 *GST-Net ord gain (loss) 4797 II1065, L6122 *GST-COGS:Beginning inventorySch A, L1123 *GST-Qualified dividend – investSch K, L6b124 *GST-Net ST cap gain (loss)Sch K, L8125 *GST-Net LT cap gain (loss)Sch K, L9a126 *GST-Net Sec 1231 gain (loss)Sch K, L10155Tax-exempt interestSch K, L18a200Salaries and wages1065, L9201Guaranteed payments1065, L10202Repairs and maintenance1065, L11203Bad debts1065, L12204Rent1065, L13205Taxes and licenses1065, L14* Applicable for transfers of account balances to GoSystem Tax RS only.Tax Code Listing for Chart of Accounts Setup15
Tax Codes – 1065, Partnerships16Tax CodeDescriptionForm, Line #206Interest expense1065, L15207Book depr-other than COGSSch M-1, var208Depletion (other than oil/gas)1065, L17209Retirement plans: paid1065, L18210Employee benefit programs1065, L19211Other deductions1065, L20212Meals subject to 50% limit1065, L20213Meals (DOT)1065, L20214Amortization – bookSch M-1, var215Start-up/org costs – bookSch M-1, var224Contributions (100%)Sch K, L13a225Cash contributions (60%)Sck K, L13a226Cash contributions (30%)Sch K, L13a227Capital gain property (20%)Sch K, L13a228Section 179 expense - bookSch K, var230Other deductionsSch K, L13d231 NEWOD-Pensions/IRAs considered GPSch K, L13d232Investment interest expenseSch K, L13b233Total foreign taxes: paidSch K, L16l234Section 59(e) (2) expendituresSch K, L13c2235OD-Educational assist benefitsSch K, L13d236OD-Dependent care benefitsSch K, L13d238OD-Penalty on early withdrawalSch K, L13d239OD-Other pensions and IRAsSch K, L13d240Noncash contributions (50%)Sch K, L13a241Noncash contributions (30%)Sch K, L13a242Capital gain property (30%)Sch K, L13a243Portfolio ded - otherSch K, L13d244 NEWOD-Health ins considered GPsSch K, 13d245OD-Other health insuranceSch K, L13d246Total foreign taxes: accruedSch K, L16l247OD-Comm revital deduc-RRESch K, L13d248 NEWPortfolio ded – guaranteed paySch K, L13d267Guar pymts – health insurance1065, L10268Guar pymts – pensions and IRAs1065, L10275Purchases1125-A, L2276Cost of labor1125-A, L3Tax Code Listing for Chart of Accounts Setup
Tax Codes – 1065, PartnershipsTax CodeDescriptionForm, Line #277Additional section 263A costs1125-A, L4278Other costs1125-A, L5279Ending inventory1125-A, L7280Book depreciation-COGSSch M-1, var399Capital gain distributionsSch D, L14400CashSch L, L1401Accounts receivableSch L, L2a402Allowance for bad debtsSch L, L2b403InventoriesSch L, L3404U.S. government obligationsSch L, L4405Tax-exempt securitiesSch L, L5406Other current assetsSch L, L6407Loans to partnersSch L, L7a415Mortage and real estate loansSch L, L7b416Other investmentsSch L, L8425Buildings and other deprec astSch L, L9a426Accumulated depreciationSch L, L9b427Depletable assetsSch L, L10a428Accumulated depletionSch L, L10b429LandSch L, L11430Intangible assetsSch L, L12a431Accumulated amortizationSch L, L12b432Other assetsSch L, L13440Accounts payableSch L, L15441Mort, etc less than 1 yearSch L, L16442Other current liabilitiesSch L, L17443All nonrecourse loansSch L, L18444Loans from partnersSch L, L19a450Mort, etc 1 year or moreSch L, L19b451Other liabilitiesSch L, L20465Partners' capital accountsSch L, L21480Taxable income not on booksSch M-1, L2481Nondeductible expensesSch M-1, L4482Other tax-exempt incomeSch M-1, L6483Return deductions not on booksSch M-1, L7485Capital contributed: cashSch M-2, L2a486Other capital increasesSch M-2, L4Tax Code Listing for Chart of Accounts Setup17
Tax Codes – 1065, Partnerships18Tax CodeDescriptionForm, Line #487Distributions: cashSch M-2, L6a488Distributions: propertySch M-2, L6b489Other capital decreasesSch M-2, L7490Capital contributed: propertySch M-2, L2b4914797 gain/loss - bookSch M-1, var502Gross rentsRent, var503AdvertisingRent, var504Auto and travelRent, var505Cleaning and maintenanceRent, var506CommissionsRent, var507InsuranceRent, var508Legal and professionalRent, var509InterestRent, var510RepairsRent, var511TaxesRent, var512UtilitiesRent, var513Wages and salariesRent, var514DepreciationRent, var515Other expensesRent, var582Gross royaltiesRent, var584Guaranteed paymentsRent, var585Meals subject to 50% limitRent, var586Meals (DOT)Rent, var587AmortizationRent, var588Guar pymts – pensions and IRAsRent, var589Guar pymts – health insuranceRent, var590Other incomeRent, var601Sales of resale itemsSch F, var602Cost/basis of resale itemsSch F, L1b604Sales of items raisedSch F, L2605Cooperative distributionsSch F, var606Agricultural program paymen
Accounting CS (v.2010.1.0) or . 522 Qfld mortage ins premiums Sch E, L13 525 Rent income – 1099-K Sch E, L3 580 Depletion Sch E, L18 600 Sales of items bought 1099-K Sch F, L1a 601 Sales of items bought non 1099K Sch F, L1a 602 Cost/basis of items bought
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