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In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
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Md PTE
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bcaulk
Level 1
02-08-2024
10:09 PM
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Ok, so Md PTE question here. Form 511 income (line 2) must be before the deduction for PTE at the federal level in order for the form to calculate accurately. But when i override this line, the Form 511 K1 distributive share percentage changes (how the math works on that i dont understand), and line 2 income allocable to Md also changes inexplicably incorrectly ?
is pro connect so deficient on this that i have to override literally everything ? and how do i even override the distributive share percentage ??
or am i just deficient in my pro connect knowledge ??
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