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AimMgmt
New Member

SCorp Business moved from Kansas to Colorado mid year

I recently moved from the state of Kansas to the state of Colorado mid-year and moved my S-Corp with me.  I resided in Kansas thru June and in Colorado from July thru December.  Do I complete a Business tax return for both states?  If so, is it correct to assume that I report 1/2 of the income/expenses in one state and the other half in the second state?  Thanks

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3 Replies

SCorp Business moved from Kansas to Colorado mid year

yes both states

for most state s-corp returns income/expenses are reported for each

then there is a 1,2 or 3 factor apportionment to allocate income

1) they are sales in that state 

2) wages paid in that state

3) and a property factor

 

 

yu may find it strange but because of how income is allocated, more or less than 100% of the federal income will be reported for the states

 

 

AimMgmt
New Member

SCorp Business moved from Kansas to Colorado mid year

Thanks.  However, in starting with my Kansas return, I don't see where there is a prompt for that apportionment.  Will you please point out where I can find it within the Kansas return?

CatinaT1
Expert Alumni

SCorp Business moved from Kansas to Colorado mid year

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