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Business & farm
I manually overrode all entries in 32 K-1s (16 Federal & 16 Alabama) and entered the correct amounts. That action apparently completely zeroed out the previously completed (by the Premier software) Alabama non-resident composite tax form. I had to manually enter all that data (7 times 9 members); i.e., name, address, SS#, type owner (individual, trust), taxable amount, and tax for the 9 non-Alabama residents. Shortly thereafter, a TT representative called and confirmed that was what I needed to do for the K-1s. He was surprised that the non-resident composite tax form became unhinged and said they would look into it. Thanks for the 2 replies. 11-July-2020.
‎July 11, 2020
8:53 AM