how does a partnership with multiple state k1s go into an scorp so that the scorp can file the appropriate state returns

[Je9]

I have an s corporation that is invested in a partnership. The partnership generated K1s for 30 different states. The s corp is going to need to file in many of those same states (partnership couldn't do a composite return for all of them). How do I get the partnership state k1 info info into proseries to it flows to the state s corp return

[sjrcpa]

Are you using Lacerte or ProSeries?

https://accountants.intuit.com/community/lacerte-tax-discussions/discussion/does-lacerte-handle-ente...

[George4Tacks]

Call support and have them talk you through it. I think it is like input for the 1040. You need to install each of the states and .... CALL SUPPORT

https://accountants.intuit.com/support/en-us/help-article/contact-preferences/contact-proseries-help...

[Je9]

I was trying to do this in proseries professional but it didn't seem to work properly so I was considering using lacerte, if it could handle it (I use proseries for most returns but do a couple, very complicated, 1040 returns in lacerte so I have pay per view availability)

[George4Tacks]

If you use all 9s for the ein for the entity, there is no cost to try out Lacerte. You will be able to view the return and see how it works. If it all works out well, change the EIN back to reality and then you will be charged the actual Pay Per Return. 

[dascpa]

I've had a similar situation for a few years and it's a NIGHTMARE.

The issue is partly ProSeries, but it's mainly the state tax returns. Mine is 40 of the 44 business states.

The real issue is that most states do not accept a K-1 entity input for an 1120S or 1065. They want apportionment based on sales, payroll and property. But that doesn't match what we know the income is on the K-1 received.

Some states allow for direct accounting, but most of those require advance approval to do so by the state tax agency. Not one week before the deadline.

The rest of the states require apportionment.  But we aren't always told what the sales are in that state, just a K-1 profit pass-through.

I told my client a few years ago they need to go to a national firm. They did and next year came right back to me (didn't receive good service).

So what I do - for those (most) state that require apportionment I use the sales only factor and I force numbers to get as close to the known K-1 net profit.

Last item - since my client has no activity in ALL of these states they haven't applied for and received state charter numbers (it would just be 40 state fees).  Therefore we have to paper file many state returns as they're rejected without this number.

[Je9]

so thank you for the reply (I think😀).  I just assumed I was missing something and even inquired as to whether Lacerte would be able to handle this but it sounds likes it is the nightmare you describe no matter what software is involved.  I am a one person shop so this is a level of pain that I am not prepared to deal with.  Paper filing 30+ returns also sounds like another level of nightmare.   I assumed the client would need to go to a national firm but, based on your experience, that might not solve everything either.  Well, thanks again - at least I now know there is not a silver bullet software solution that is going to solve the problem. Good Luck!!!