Level 11

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DC Rental for DC Resident

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New one for me. DC resident renting out 3/4 of home. This is reported on both 1040 and D-4O DC tax return. I've done D-30 unincorp business returns for MD residents but not for DC residents. If taxpayer has to pay D-30 unincorp business tax to DC and also pay on their resident D-40 isn't this a duplication of tax? Yes, revenue is above $12,000 so not exempt.

ProSeries Professional

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Level 13

ProSeries does not handle D-30/D-40 very well. For the D-30 it's just a glorified typewriter (and I think it might still need to be paper filed).

On the D-40 though, you'll enter the amount of double taxed income in the subtraction section on line 11:

"Income reported and taxed this year on a DC franchise or fiduciary return."

Rick

Level 13

ProSeries does not handle D-30/D-40 very well. For the D-30 it's just a glorified typewriter (and I think it might still need to be paper filed).

On the D-40 though, you'll enter the amount of double taxed income in the subtraction section on line 11:

"Income reported and taxed this year on a DC franchise or fiduciary return."

Rick

Level 5

Happy day....DC began accepting e-filed Form D-30 in 2016, and Lacerte and Proconnect have D-30 e-file support, but not Proseries.

https://otr.cfo.dc.gov/page/federal-and-state-e-file-program-modernized-e-file-business