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What type of return are you preparing? Generally, state sourcing is entered on the same screens as federal amounts (with lines coded with S for specific states), rather than under State & Local.
Still an AllStar
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I'm preparing an individual return. Can you explain the purpose of the PTO input at the following?
Go to Input Return > Income > Passthrough K-1's > S-Corp Info
Go to State & Local tab
Scroll down to Illinois Shareholder Share of Business Income (Loss) (EF only) {IL}
The input boxes correspond exactly with the same info on the Illinois state K-1. It looks like this should give PTO the information needed to allocate the income to Illinois, but I can't see where the input has any impact on the 1041. I can force the numbers I want but would like to know if this input is useful or necessary.
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Those are entries that would be transmitted as part of the electronic filing but are not numbers that would be used to prepare and compute IL-1040.
For IL-1040 to compute correctly, you need to enter the sourcing details as mentioned in my last post.
You can also checkout these articles for detailed instructions:
Still an AllStar
