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Level 3
June 26, 2020
Solved

Apportioning K-1 between states

  • June 26, 2020
  • 1 reply
  • 25 views

How do I get loss from K-1 to flow through to one state return and not another? I have a client that is Florida resident with K-1 from passive GA business. They also have a schedule F that does business substantial business in California. I cannot get K-1 income (and carryforward loss) to show up in federal return and GA return and exclude CA return.

If have tried every combination of "N" "S" and US/States. I tried to put in a "State, if different" amount of $0 but it still shows up on state return (but oddly it recalculates if I put a dollar in the box instead of a zero, but I need it to be a $0). I don't understand. Please help me understand whats going wrong here...

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Best answer by George4Tacks
zero is no 0 in Lacerte, it is -1 (negative one).

1 reply

George4Tacks
Level 15
June 26, 2020
zero is no 0 in Lacerte, it is -1 (negative one).
Answers are easy. Questions are hard!
HarvestAuthor
Level 3
June 27, 2020

Yes that’s it! Thank you! I new to using lacerate and didn’t realize that!

George4Tacks
Level 15
June 27, 2020

Lacerte has lots of oddities, er cool tricks. Come back often we might be able to teach you a few.  There used to be a useful link to shortcuts. Maybe @IntuitBettyJo could find a new link. In the mean time you could print these and put them by your desk. 

Answers are easy. Questions are hard!