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Level 1
September 28, 2022
Question

I need help entering a K1 with california income related to PL 86-272

  • September 28, 2022
  • 1 reply
  • 1 view

I have a client who is in a partnership that showed California income and guaranteed payments but due to PL 86-272 She should not have to pay tax on it. I am having troub

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1 reply

sjrcpa
Level 15
September 28, 2022

Wouldn't the partnership be making the determination of whether PL 86-272 applies?

The more I know the more I don’t know.