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?
Doesn't that only affect basis? its not a figure that appears on the tax return anywhere, is it?
That's correct, it only affects shareholder basis!
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.
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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