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Level 2
October 9, 2020
Question

Oklahoma state income tax input into lacerte

  • October 9, 2020
  • 1 reply
  • 7 views

More Oklahoma state tax input into Lacerte: it appears that Oklahoma losses from partnership K-1 are not included in the total for OK Sch 511 NR-1. Appears to overstate Oklahoma income. I've input all of the loss amounts as OK Source income, and still not showing up. Any suggestions?

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1 reply

PhoebeRoberts
Intuit Community Champion
October 9, 2020

Oklahoma is weird, and I don't do any NRs. But on a dummy return, if I put 5,000 in the federal column coded as US, and -2500 in the State Source Amount column coded as OK, the 511NR-1 looks fine. I'd be looking at the state code for the Federal column as the possible input issue.

Multi-state has so many ways to make it not come out right.