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In preparing a 2021 return with the new Pass Through Entity Tax election, I do not see where Turbo Tax is allocating the credit for the payment to any of the Illinois residents. Is that something I am going to have to override to get onto their IL K-1?
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You might have to use Forms Mode for this situation.
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Thanks. Appreciate the insight.
in interview mode when you go to the state section there should b an Illinois k-1 for the entity. click on edit. then scroll down to line 53 for ptsp to enter the pass-thru credit.
you actually need to enter on the IL k-1 all info that appears on the IL- k-1 that you actually got.
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