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On the Montana Schedule K-1 in PTO where do I enter line 13, Other expense deductions apportionable and/or allowable to Montana?
Tax payer is a Montana non resident.
Thanks.
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Check out the following input screen:
- On the left panel, click on Income > Passthrough K-1's > Partnership Info (1065 K-1) or S-Corp Info (1120S K-1);
- Go to the State & Local tab;
- Scroll down to Montana Adjustments {MT}; and
- Enter the amount(s) under the MONTANA column.
Still an AllStar
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It doesn't list MT in that area. I checked to make sure that state is marked and it is.
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You may want to take a second look...
Still an AllStar
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I contacted support since I couldn't find it and after an hour they realized that it wasn't supported in 2018 and that's why I couldn't find it, so I either have to do it using another method for preparing the tax return or just not use that deduction.
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You should have stated 2018 in original post.
The logical assumption we volunteers make is that you are working on a current year return unless otherwise specified.
The more I know the more I don’t know.
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Yes, I realized that after the fact. I apologize for that.
This return has 12 states and has been a total time killer, to the detriment of my other clients, especially since I don't deal with most of these states. I'm used to calling customer support, but this year they are asking me where on the tax return the item should go. I previously used Lacerte, but customer support may be this way across the board.
Once again, I'm sorry, but at least I'll know how to do this for the 2019 return.
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No problem. I know you're learning.
The more I know the more I don’t know.
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As Susan says, that's not a problem. We're glad our input helped you save a couple minutes. That's where this forum comes into play - sharing our collective experience to help one another. Cheers!
Still an AllStar