- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
TurboTax Schedule K1 for North Carolina for Taxed PTE still INCORRECT!
TurboTax Generates a Schedule K1 for my S-Corp in NC which is a Taxed PTE.
Aka I already pay Taxes to NC on the Business Level for my S-Corp.
But Line #2 & #38 should have data to show that I already paid Taxes on the Corporate Level.
But instead TurboTax - shows 0.
Which means when I file my Personal NC Return - I am Taxed AGAIN on my S-Corp Profits on the Personal level.
The only fix I found is to OVERRIDE the 0 that TurboTax produces on the Schedule K1
Please FIX THIS!
Topics:
‎February 11, 2025
7:55 AM