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?
Make a postAsk questions and learn more about your taxes and finances.
mine152535
New Member
lacienv28
New Member
furandfins-outlo
New Member
bfordmn
Returning Member
jogger23
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.