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Level 2
April 30, 2021
Question

How do I allocate a S-Corp K1 entered on a 1040 to multiple states in Proseries

  • April 30, 2021
  • 2 replies
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2 replies

Just-Lisa-Now-
Intuit Community Champion
April 30, 2021
The TP lived in different states? or the 1120S income is from different states?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
dbarrAuthor
Level 2
April 30, 2021

The 1120 S income was multistate.

 

JRC
Level 7
April 30, 2021

First Install the State Software for each Non_Resident state

Select each for filing electronically

In the Federal Information Worksheet at bottom add each Nonresident State and Select the Box for each to file

Quickzoom to the Nonresident State Allocation Worksheet

Allocate the Federal Amounts to each state.

PS: If the S-corp paid the State Taxes for the shareholders at the Entity level. Forget What I told you to do above.