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Level 5
December 7, 2019
Solved

CA resident partner has 1065 K-1 with 14a self employment earnings $800,000 and there's a NY schedule with S/E earnings of $160,000. How do I enter on sc 20.1 at 14a?

  • December 7, 2019
  • 3 replies
  • 24 views

Do you enter 800,000 with state US and another line 160,000 NY or would that double count the NY S/E income?

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Best answer by George4Tacks

Use the N and S codes next to the US, CA, NY codes. https://accountants-community.intuit.com/articles/1861483-sourcing-income-for-a-multi-state-passthrough-k-1-in-lacerte

3 replies

George4Tacks
Level 15
December 7, 2019
Answers are easy. Questions are hard!
LSTAXAuthor
Level 5
December 7, 2019
Thank you George.  Designating N for the fed amount and adding the NY amount with code S did not change fed - good.  It increased NY refund and lowered CA refund which I thought would be opposite since it is NY S/E income.