Solved
Franchise Tax Fee - 2 states
Hello,
We are doing business in CA and have paid the CA Franchise Tax fee and inputted this into TurboTax Business. But, we are not sure how to handle the $300 Franchise Tax Fee we paid to Delaware since we are a Delaware LLC. I saw somewhere that "taxes paid to another state should be passed thru as a credit to members". I am not sure if this is correct, and I do not know how to do this. Is there an input needed someplace so it feeds the K1? Any ideas out there? Thanks all.
