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- 2022 NC S Corp pte tax / nc k-1 adjustments etc
2022 NC S Corp pte tax / nc k-1 adjustments etc
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bobbbbbbb
Level 2
02-16-2023
03:56 PM
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does lacerte software not make all necessary adjustments for the new S corp nc pte election or do we have to manually do the k-1 adjustments, what good is having fancy expensive software if it doesn't save us some keystrokes. Is there any instructions available, the forms seem to be current with no watermarks, is the latest software version cover this or is this in an upcoming dostware update.
NC-PE There is no K-1 adjustment for the NC PTE income taxed (line 38)
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vtaonline
Level 1
02-28-2023
12:31 PM
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Following this, I can seem to get my taxed pte income into Line 38 on NC PE. Any Advise?
Intuit_Kallana
Employee
08-08-2023
09:46 AM
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Line 38 is applicable only for partners or shareholders of passthrough entities. Accordingly, the "Taxed Pass-Through Entity Income" field is located on the Passthrough K-1 Screen. In the Partnership module this would be Screen 23: Passthrough K-1's under the section for NC Adjustments. In the S-Corporation Module this would be Screen 24: Passthrough Entity K-1 Information, Section North Carolina NC K1 Supplemental Schedule (Adjustments).
