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- KS PTE Special allocation not flowing to K-9
KS PTE Special allocation not flowing to K-9
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ef44
Level 1
03-30-2023
08:55 AM
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We have a KS client Electing to be subject to tax at the entity level with special allocations (PTE). I have updated the State Special allocation and the correct allocated amounts flow to page 4 of the K-120s. However the new page 5 of the K120S that reports the income share and taxes paid on behalf of the partners is not correct. The same incorrect/unallocated amounts also flow to the K-9. Is there somewhere else to update this allocation or is Lacerte still working on this?
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