DC individual return

[Reddiamond2020]

One interesting question, anyone be familiar with DC individual return D-40, line 11 "income reported and taxed this year on a DC franchise or fiduciary return"? Based on the instructions, the income reported on 1040 or 1040-SR included income reported and taxed on a DC franchise or DC fiduciary return, enter that amount here. The schedule K-1 income with section 179 already reported in DC franchise tax, so should I put entire income as of line 1 of schedule K-1, or the income after the entire section 179 deduction, or the net income from D-20 (line 32)? 

Millions thanks. 

[sjrcpa]

The taxable income from the D-20 or D-30 or D-41.

[Reddiamond2020]

Hi, there 

Thank you for the reply. So we exclude the taxable income instead of the net income. Like D-20, the taxable income (line 36) are the the net income (line 28) add or deduct on the adjustments as non-business adjustment, DC apportionment factor, NOL, etc. 

Again, thank you so much for the reply. 

[sjrcpa]

You're welcome.