Phone advice was to report the withholding as estimated taxes paid which resulted in a 2017 audit. Was just given same advice.
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If you enter all the information from the K-1, the taxes withheld will automatically flow to the state return. There is no need to make a separate entry elsewhere for the MN withholding.
You didn't say whether the K-1 was from a partnership or an S-Corp. The steps are the same, but the box numbers vary:
To make the entry for state taxes withheld, follow these steps:
This figure will automatically flow to your state (MN) return.
If the K-1 is from an S-Corp follow the same steps, using Box 12 and Code S.
If you enter all the information from the K-1, the taxes withheld will automatically flow to the state return. There is no need to make a separate entry elsewhere for the MN withholding.
You didn't say whether the K-1 was from a partnership or an S-Corp. The steps are the same, but the box numbers vary:
To make the entry for state taxes withheld, follow these steps:
This figure will automatically flow to your state (MN) return.
If the K-1 is from an S-Corp follow the same steps, using Box 12 and Code S.
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Tom in Dunwoody
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