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Schedule K-1 (100S) Line 16d Missing.

aedwan
Level 4

Taxpayer received schedule K-1 (100-S) with line 16d showing distribution. While K-1 (1120-S) on 1040 is showing line 16d, California K-1 is only showing line 16a-c in ProSeries Basic.  Where to report distribution on California’s K-1 of the personal tax return?

 

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4 Comments 4
Just-Lisa-Now-
Level 15
Level 15

Doesn't that only affect basis?  its not a figure that appears on the tax return anywhere, is it?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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aedwan
Level 4

That's correct, it only affects shareholder basis! 

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Just-Lisa-Now-
Level 15
Level 15

ProSeries doesn't really have a way to keep track of basis, except for with the 7203 on the federal.  I think we have to track state basis separately, outside the program.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
aedwan
Level 4

Thanks Just-Lisa-Now- Any workaround option or idea of how to track state basis separately, outside the program...Will attaching a pdf file of shareholder basis be sufficient enough? 

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