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How to allocate income on multi-state 1065

LarryL
Level 1

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

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4 Comments 4
sjrcpa
Level 15

In most cases it is apportioned, not allocated.

The more I know, the more I don't know.
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LarryL
Level 1

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

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Lord Happy
Level 5

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...

LarryL
Level 1

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. 

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