My son, who lives in North Carolina, received a (final) Sch K-1 from the Estate of his uncle who died. It shows no income, a rather large LTL carryover (box 11D/14Z) , a deduction for attorney/administrative fees (box 11A) and $127 NEW YORK state taxes (box 11B).
Can he receive a CREDIT for the NEW YORK taxes on his NORTH CAROLINA tax return? (He has/is not filing a NY state return. There are no taxes due in that state)
If so, how do I handle this in TT? (I'm doing his taxes)
Thanks for the correct procedure/any help.
