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Business & farm
So to be clear, TurboTax asks, "Enter income taxes paid through a K1 ..."
The TT question is referring to withheld or estimated taxes paid?
My perspective is that I'm using TT to figure out what the income taxes are, so how can I answer this question... I'm sure that I'm misunderstanding what TT is asking for, but you can hopefully see my confusion.
Addition:
I have no idea what the difference between the NY questions on "taxes paid through a partnership or s corp" versus "s corp shareholder adjustments"(?) This latter question asks for "Your share of taxes" ... again, how do I know that? That's what TT is supposed to tell me! I know the share of earnings...
Thanks,
Michael
‎April 17, 2022
2:35 PM