613620
You'll need to sign in or create an account to connect with an expert.
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.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17524628611
New Member
ayatullah-abualhayjaa
New Member
user17521052511
New Member
user17520911382
New Member
user17519734590
New Member