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zeta
Level 3

Arizona S Corp Adjustment - SBI State Tax Question

Hello,

 

The following prompt for SBI, I'm confused what to answer for my Small Business. I have attached a screenshot. It says:

 

"Enter on your Small Business Income (SBI) Tax return the addition to income due to claiming Pass-Through credits on Forms 312 and 315 on your Arizona S Corporation (Form 120S)Schedule K-1 from *company*."

 

"Shareholders of an S Corporation who claim a credit passed through from an S corporation on Form 301-SBI must make an addition to income for the amount of expenses disallowed by reason of claiming credit."

 

image.png

 

I am not exactly sure what it's asking for. Is it the amount made via pass-through? I checked my Schedule K1 and there are no forms 312, 315, 301-SBI so I don't know if this applies to me. 

 

I am assuming it's either 0 or the same amount I made via pass-through that's already filled in my federal k-1 turbo tax section, but this is oddly not copied over.

 

Thanks in advance!

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2 Replies

Arizona S Corp Adjustment - SBI State Tax Question

Please contact Support if an answer is not posted here within the next few hours.

 

What is the TurboTax phone number? (intuit.com)

zeta
Level 3

Arizona S Corp Adjustment - SBI State Tax Question

First rep said that any additional credits claimed not present in any of those forms. So 0 for now.

 

I'm going to ask a second rep opinion on this

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