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Level 1
December 7, 2019
Solved

I have a S Corp partner that has K-1s showing income from five different states. How do I enter these state amounts from the 1065 K-1s into the S corp program?

  • December 7, 2019
  • 5 replies
  • 25 views
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5 replies

Accountant-Man
Level 13
December 7, 2019
What is an S corp. partner?
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sjrcpa
Level 15
December 7, 2019
I think OP is saying the S Corp is a partner in a partnership and the S Corp receives a K-1 from the partnership.
The more I know the more I don’t know.
Accountant-Man
Level 13
December 7, 2019
I kinda sorta thought that, too, but since most users of this forum are professionals I wasn't sure. I took my "not helpful" vote with pride.
** I'm still a champion... of the world! Even without The Lounge.
Accountant-Man
Level 13
December 7, 2019

S corp SHAREHOLDERS GET K1s from 1120S, not 1065s.

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