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- Massachusetts PTE tax - how to pass credit through to trust beneficiaries?
Massachusetts PTE tax - how to pass credit through to trust beneficiaries?
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Fsaglio
Level 2
03-26-2022
07:48 PM
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Working on the return for a trust, that is a member of an LLC. The LLC has made the Massachusetts passthrough entity tax election and the trust's K-1 has a refundable credit on it for its share of the Massachusetts passthrough entity tax paid.
I have figured out how to enter this credit in the MA return (I think).
I cannot for the life of me figure out how to pass this credit out to the beneficiaries of the trust.
Any help would be much appreciated.
Thanks!
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