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Is there a place I can report state income taxes paid on my behalf by my corporation on a "composite" return? I am a part owner of an S-Corporation and have K-1 income in multiple states where I am not a resident. I get credit in my resident state for taxes paid to other states. But so far, the only way I can report taxes paid to other states in TurboTax is to purchase the state returns (at about $50/each) and create mock returns (even though I don't really need to file in these states, because the composite returns have already been filed). Please help!
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Hi Ed,
Can you let me know what you learned about how to input the credit on your state return for taxes paid on your behalf to other states through a company composite return? I have this situation and haven't been able to figure it out on Turbotax.
Thanks
All states offer a tax credit for income that is double taxed. For some states, you can just select the credit and add the state information.
@JoeC1971 If you are online, you can create a fake state return to trigger the credit.
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