Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

how do i allocate income on multi state s-corporation?

I have entered the income on the federal side and allocated a portion to IL and a portion to IN.  On the IL K1 the correct income is flowing through, On the IN K1 100% of the income is flowing through without the allocation.  How do I show the correct IN on the IN K1?

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

3 Comments 3
sjrcpa
Level 15

What is their state of domicile?


Ex-AllStar
0 Cheers
taxplanet
Level 2

State of domicile changed during the year from IL to IN. Part year in each state. 

0 Cheers
lmc
Level 2

Did you find the answer to this? I'm trying to allocate rental income to two states. It is investment rental NOT subject to apportionment and it is showing up on both states as taxable to those states. 

0 Cheers