CTC
Level 3
09-10-2020
08:49 PM
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Where is the Net decoupling modification added in PTO?
It's in the Maryland Schedule K-1, Part B. Additions #3, Net decoupling modification.
There's a section in the K-1 for State and Local, but for MD it says the entries will not show up on the MD tax return.
Tax payer is a MD non-resident.
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sjrcpa
Level 15
09-10-2020
09:10 PM
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Try State Adjustments if you have that. (I'm thinking Lacerte speak)
The more I know the more I don’t know.
itonewbie
Level 15
09-11-2020
12:17 AM
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For PTO, it's under State & Local > Modifications > MD Form 500DM > Decoupling modification from a passthrough entity [Override].
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CTC
Level 3
09-11-2020
02:08 AM
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Thanks for the help. I hadn't thought of going to that section.
It worked!
Melissa
itonewbie
Level 15
09-11-2020
08:46 AM
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NP, @CTC! Have a great day!
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