LLC Made MA State Tax Payment to get the 63D Credit How do enter in Schedule 1040

[bassfisherman]

My LLC paid state income tax so that I get credit above the Salt cap.  In the state of MA this is done by making a 63D payment.  I entered my K-1 into turbo tax but I am not sure how I ensure that the state tax payment has been captured.  Will it only show-up when I enter my state level K1?  Or do i need to go into forms on the federal level and enter it?

[PatriciaV]

You can report the tax paid by the LLC in TurboTax Online as follows:

1. Log into TurboTax and open your return.
2. Use this link to go to Schedule K-1 (1065). Or use the search box to find this section.
3. Edit the Schedule K-1 and review your entries to the screen with the checkboxes.
4. Check Box 13 and choose Code ZZ. No amount is needed in the box for this code.
5. Continue to the next page check the box for “Taxes and State Income Tax Withheld.”
6. Choose "Massachusetts" from the State Name drop-down and enter the amount of State Income Tax Withheld. No other entries needed.
7. Continue back to the K-1 Summary page.

The withholding will appear on MA Schedule 62-WH Part 1 Line 5 and on Form 1 Line 38(C), increasing the tax paid and any refund due from MA.

[bassfisherman]

Thanks.. That is exactly what I needed.