Anthony1s
Level 2
10-15-2020
01:32 PM
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Hi all,
I'm working on an OK state corporation return (form 512) in a multi-state filing. The taxpayer is a foreign corporation (incorporated and does most business outside of OK). How do I adjust Form 512 page 3 part I column b to reflect the income and expenses that should be allocated to OK? The software is currently allocating the same numbers as federal to OK, which is generating a ridiculously high tax bill.
Thanks!
Best Answer Click here
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