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New Member
posted Jun 5, 2019 11:21:11 PM

Can I deduct taxes that I have deducted from my earnings that I pay to a number of states on a bulk filing basis?

0 5 11996
1 Best answer
Not applicable
Jun 5, 2019 11:21:19 PM

state taxes show on the K-1 as paid, when entered (line 13 code w) - you'll need to enter further detail.  you should also get state k-1's for states where you are supposed to file returns.  Now may pass-through entities pay the state taxes for their partners/shareholders in non-resident states so the taxpayer doesn't have to file.   this is not usually possible if the business is located in the taxpayers resident state.   this can get complicated because of all the ways a partnership/S-corp can handle state income taxes its partners/shareholders. 

5 Replies
Not applicable
Jun 5, 2019 11:21:12 PM

do you get a w-2 or is this info from a k-1

New Member
Jun 5, 2019 11:21:15 PM

It appears on my k-1

New Member
Jun 5, 2019 11:21:16 PM

From my 401-K

Not applicable
Jun 5, 2019 11:21:17 PM

don't understand what you mean by state taxes and 401-K.

Not applicable
Jun 5, 2019 11:21:19 PM

state taxes show on the K-1 as paid, when entered (line 13 code w) - you'll need to enter further detail.  you should also get state k-1's for states where you are supposed to file returns.  Now may pass-through entities pay the state taxes for their partners/shareholders in non-resident states so the taxpayer doesn't have to file.   this is not usually possible if the business is located in the taxpayers resident state.   this can get complicated because of all the ways a partnership/S-corp can handle state income taxes its partners/shareholders.