In a partnership return, ProConnect is reporting all guaranteed payments as subject to Idaho apportionment on Line 16 of the ID K-1. I have reported the guaranteed payments in the input screen as Utah guaranteed payments. According to the ID K-1 instructions, a guaranteed payment of $400,000 should be reduced by $277,745 which is sourced to Utah and only show $122,255 on Line 16 subject to apportionment. I entered the $277,745 to show up on Line 31 of the ID K-1 as being sourced to another state but it still is not reducing Line 16. Anyone know how to reduce Line 16 appropriately?
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.