DavidD66
Expert Alumni

Business & farm

It does not go in any K-1 box.  This is a pass through entity tax (PTET) payment.  You do report the PTET payment of local tax paid by the LLP on your federal tax return.  The worksheet they sent you should show that the payment is a reduction of your taxable income from the LLP.   This is work around for the $10,000 limit on the deduction of state & local taxes on Schedule A. The only place it needs to be reported is on the state/local tax return that the payment applies to.  

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