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

 
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Anonymous
Not applicable

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

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. 

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5 Replies
Anonymous
Not applicable

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

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

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

It appears on my k-1

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

From my 401-K
Anonymous
Not applicable

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

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

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

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. 

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