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Turbo tax listed franchise tax, paid to nc for s-corp, on NC k-1 line 2. If this is correct, can you explain why?
Turbo tax listed franchise tax, paid to NC for s-corp, on NC k-1 line 2 indicating it should be an addition to income when filing personal state taxes (on D-400, Schedule S; Line 6). If this is correct, can you explain why? When I look at the instructions for filing NC personal taxes, I don't see anywhere that franchise tax should be added in.
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‎June 1, 2019
12:52 PM