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Business & farm


@mvann wrote:

I'm trying to determine how to allocate net income/receipts by state on K1's produced by my Turbo Tax Business software.  


There are a number of states that allow composite returns to be filed (refer to the links below). 

 

https://www.journalofaccountancy.com/issues/2011/feb/20103307.html

 

https://www.thetaxadviser.com/issues/2014/mar/tpm-mar2014.html

 

TurboTax Business supports all states (except Delaware) with respect to S corporation returns, but you need to purchase the states that you require separately.