Hello, reading the software and IRS instructions, I am still not clear on where to report the state (not Federal) excise taxes on Form 1065. I do see "franchise" tax but Tennessee has a separate franchise tax which is assets-based. The entity is a multi-member LLC (partnership, really) and delivers salon services.
If it is not reported on Line 14, where would it be reported?
Also, I notice that the form says it would be reported whether "paid or incurred". The LLC reports on a cash basis and has not yet paid the excise tax for 2023. Would it still be reported even though it will be paid in 2024?
