Gbird101
Level 1
03-05-2020
01:20 PM
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The Sub S owns one rental property in Ma and the balance in NY.
The MA property reflects a loss, however the Ma allocation seems to show an
allocation reflecting a profit. Is this correct or is there a way to properly reflect a loss in Ma and flow to the K-1. Also is the Ma minimum tax not pro-rated irrespective of days of doing business in Ma.