Hello,
The following prompt for SBI, I'm confused what to answer for my Small Business. I have attached a screenshot. It says:
"Enter on your Small Business Income (SBI) Tax return the addition to income due to claiming Pass-Through credits on Forms 312 and 315 on your Arizona S Corporation (Form 120S)Schedule K-1 from *company*."
"Shareholders of an S Corporation who claim a credit passed through from an S corporation on Form 301-SBI must make an addition to income for the amount of expenses disallowed by reason of claiming credit."
I am not exactly sure what it's asking for. Is it the amount made via pass-through? I checked my Schedule K1 and there are no forms 312, 315, 301-SBI so I don't know if this applies to me.
I am assuming it's either 0 or the same amount I made via pass-through that's already filled in my federal k-1 turbo tax section, but this is oddly not copied over.
Thanks in advance!
