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Level 2
December 20, 2022
Question

How do I enter the MA 63-D entity tax payment on the federal return

  • December 20, 2022
  • 2 replies
  • 16 views

I am trying to figure out how to enter the entity level tax paid under the 63-D election in Massachusetts for an S corp on to the individual federal return. I have read the material available and entered the data on section 4 of the CMS form in Proseries for the individual. This reduces the MA tax but does not transfer to the federal return. 

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2 replies

sjrcpa
Level 15
December 20, 2022

Hasn't it already been deducted to arrive at K-1 Line 1 income?

The more I know the more I don’t know.
Level 2
December 20, 2022

It has not. The federal taxable income and tax has not changed. Am I missing something on the entity side?

Intuit Community Champion
December 21, 2022

On the 1120S page 1-2 use the taxes and license smart worksheet to enter deductible state taxes