tccpg289
Level 4

Taxpayer has nexus in multiple states for an 1120-S and needs to allocate accordingly.

Where is this done in ProConnect? Does it generate the appropriate K-1 for each state?

0 Cheers
sjrcpa
Level 15

Most business income gets apportioned, not allocated.

Look for apportionment input areas. You will definitely need sales in each state. Some states also use payroll and property in their apportionment factors.


Ex-AllStar