Hello,
1120 s with two states income, I see DC apportionment , but not MD, when I transfer the info to 1040, I see all taxable income in MD. Is this correct?
I appreciate your advise.
Thanks
I don't know what kind of agreements DC has with Maryland, but if Maryland is the state of residency, all of the income would normally be picked up there with a possible tax credit coming from the nonresident state. But if you are importing the K-1, the federal imports fine, but you need to "tell" the software there are other states that need to have income reported.
DC doesn't recognize S Corps. That corporation filed a DC Corporate return.
Also, DC does not tax nonresidents so I don't know what you're trying to do with DC.
Finally, MD will give a credit for taxpayer's share of DC corporate tax paid.
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