3097892
I complete my corp Federal tax return with Turbo Tax then transferred everything to the State of Iowa version.
No errors, etc. when we ran the error check and sent returns in.
We received a letter from the State of Iowa saying that we submitted the 1120 Schedule E with no line items and the absence of line items "results in all income being allocated to Iowa. Sounds ominous.
We do sell online via online marketplaces (Amazon, Etsy, etc).
Do we need to resubmit the form with the correct allocation and if so, why didn't Turbo Tax instruct us to do the same?
You'll need to sign in or create an account to connect with an expert.
Thanks but I was just wondering if I need to break out the income by state
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
bmc4
New Member
Jim_dzg5zg
New Member
leo-jyz
New Member
Pauline88
New Member
qadro
Level 2