topic K-1 S-corp passthrough in Get your taxes done using TurboTax

K-1 S-corp passthrough

TommyJ — Tue, 14 Apr 2020 02:28:02 GMT

I was filling out K-1, tax due is outragous, went to state tax said I have twice the capital gains in Fex tax i entered. how do i fix this?

Re: K-1 S-corp passthrough

Anonymous — Tue, 14 Apr 2020 05:35:04 GMT

what state? in many cases all the info flows from the federal so there's no need to enter state. as a matter of fact entering data in state section for those returns will double up your state income.