Skip to main content
Level 2
March 9, 2021
Question

How to allocate income on multi-state 1065

  • March 9, 2021
  • 4 replies
  • 45 views

How do you allocate income that was earned in two different states by a partnership in ProSeries on the 1065?

This topic has been closed for replies.

4 replies

sjrcpa
Level 15
March 9, 2021

In most cases it is apportioned, not allocated.

The more I know the more I don’t know.
LarryLAuthor
Level 2
March 9, 2021

OK...then how do I enter the income in such a way that it can be apportioned. I clearly need a little more help.

Lord Happy
Level 5
March 10, 2021

Happy day,

You do it at the state level.  Each state has an apportionment worksheet.  Some states do single or multi-factor apportionment using combinations of sales, property, wages and whatever.  Some states double-weight sales, etc...

LarryLAuthor
Level 2
March 11, 2021

Thank you! I have gotten the MO apportionment worked out. I’m struggling to get the CO apportionment to work in ProSeries. Still working on it.