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How to Report PA K-1 Income
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msindc1
Level 4
03-03-2023
09:27 AM
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Folks:
DC resident has a K-1 with Pennsylvania-source income ($1,465 in ordinary business income and $1,285 in Distributions). The PA Schedule NRK-1 reports that both of those income sources are Pennsylvania-source.
In Lacerte I have entered EVERYTHING for this K-1 with PA as the location.
Lacerte is generating an NRK-1 properly showing the two sources of income. But the PA-40 only shows $69 as Net Income or Loss from the Operation of a Business.
Shouldn't it be $1,465?
Micah
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