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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
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- IL resident received K-1 from other state and paid taxes, but does not receive the IL credit
IL resident received K-1 from other state and paid taxes, but does not receive the IL credit
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reiglereturns
Level 1
04-09-2020
06:05 PM
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An IL resident paid 100k for deducible alimony , receives an IL W- 2 and receives a CO K-1 for 75,000 and paid CO taxes of 3,300. When calculating the IL CR schedule, IL adds back the alimony and the apportionment becomes 0.0000, be cause the income from Column B is -25,000.
Why does IL force the taxpayer to add back the deducible alimony?
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