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- does lacerte handle entering a partnership with k1s from multiple states into an scorp so that the scorp can file in those states as well
does lacerte handle entering a partnership with k1s from multiple states into an scorp so that the scorp can file in those states as well
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Je9
Level 3
09-08-2025
02:25 PM
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I have an s corporation that is invested in a partnership. The partnership generated K1s for 30 different states. the s corp is going to need to file in those same states. How do I get the partnership state k1 info info the state s corp return
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sjrcpa
Level 15
09-08-2025
02:42 PM
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First you need to figure out whether each state wants you to allocate the partnership income to it or apportion it.
Would the S Corp be filing in these 30 states even it didn't have this partnership K-1?
The more I know the more I don’t know.
Je9
Level 3
09-08-2025
03:02 PM
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no, the s corp wouldn't file in any of these states if it weren't for the partnership it is invested in generating the state info. The scorp is the remnant of a buy out where some cash was received as well as the interest in the partnership. It doesn't have any business activity but only acts as a passthrough for the partnership. I inherited this and there was some reason they couldn't just close the scorp down (it only has 1 shareholder who owns the full 100%)
