Question
How to allocate Louisiana S-Corp Withholding Tax to Shareholders
My client is a NYS S-Corp in the film industry. They performed services in Louisiana for an unrelated film company based in Louisiana which withheld tax on a 1099-NEC. The income was under the exemption threshold so no corporate tax is due. How do I allocate the withholding tax to the shareholder in ProSeries since there is no LA K1.
Thanks in advance for your help.
