sjrcpa
Level 15
02-27-2023
04:55 PM
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It is a deduction to arrive at K-1 Line 1 income, which is the whole point.. If you are preparing the 1120S or 1065 enter as a state tax deduction.
If you're inputting the K-1 into the 1040 it has already been deducted
The more I know the more I don’t know.