KS Partnership K120 is not calculating the pass-through entity tax even though the election is checked

Forum|Forum|3 years ago
February 16, 2023
4 replies
17 views

KS S-corps calculate the pass-through entity tax perfectly, but not the Partnership. Same form K120. When will the Partnership issue be fixed? KS farm returns are due 3/1/23

Lacerte Tax

This topic has been closed for replies.

D

Dawn72

Level 2

This is holding up many tax returns at our firm. When can we expect this update?

S

spear94

Level 2

We are waiting on the update to fix the Kansas pass through credit and are unable to file our Partnership returns. This is creating a large back log in our firm. Please fix this.

K

Kends66

Level 2

We are wondering the same thing! The S-Corps are working but not the Partnerships. Very frustrating!!! Really disappointed in Lacerte for the hold up!

IntuitRebecca

Level 6

Thanks for bringing this issue to our attention. Our team is working to get it resolved on an update. If you need to file immediately, you can check the box on Screen 1 for "Multi-State Return?".

This workaround should allow the PTE to calculate on the K120 until the update is available.

E

ES50_2

Level 2

If the Kansas tax was paid in 2022 and deducted on the federal return, it should add it back on Ks K-120S. It works on S Corps, but is not adding it back on Partnerships.

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