I have a S-Corporation that has a small apportionment of OR income earned in the state and the rest of the income earned in another state. When I allocate the OR income on the sch AP it calculates OR excise tax. Everything I have read, this income should be passing through to the shareholders individual tax return and taxes there. The income is under 100K I believe they should be paying just the $150 for excise tax. What am I missing to get this income to pass through and not be double taxed?
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.