Hello all!I have a client that is a partner in a partnership which issued a K-1 (simple enough). However, there are also 16 states that have forms for partners share of income for each state. I am having a hard time getting the states information added correctly. His home state is PA. The first state that I have information for is AL. I have tried unsuccessfully to enter the information and get it to flow to the PA return. If I am not mistaken, it should flow to the PA-40-GL.Here are the steps that I have taken:Added the AL state return.On the K-1 input screen, I added the AL guaranteed payment amount and the distribution payment amount that he had for AL (from form 65).Added the composite payment made on the partner's behalf in the Other State Tax Credit for AL.Would anyone be able to give me some guidance for this? I know that it is probably something easy because it is my first time doing this, but I would really appreciate any help that you can give me.Thanks as always,Jeff

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Anonymous

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K-1s With Non-Resident Share Of Income & Ded

Forum|Forum|5 years ago
September 21, 2020
1 reply
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Hello all!

I have a client that is a partner in a partnership which issued a K-1 (simple enough). However, there are also 16 states that have forms for partners share of income for each state. I am having a hard time getting the states information added correctly. His home state is PA. The first state that I have information for is AL. I have tried unsuccessfully to enter the information and get it to flow to the PA return. If I am not mistaken, it should flow to the PA-40-GL.

Here are the steps that I have taken:

Added the AL state return.
On the K-1 input screen, I added the AL guaranteed payment amount and the distribution payment amount that he had for AL (from form 65).
Added the composite payment made on the partner's behalf in the Other State Tax Credit for AL.

Would anyone be able to give me some guidance for this? I know that it is probably something easy because it is my first time doing this, but I would really appreciate any help that you can give me.

Thanks as always,

Jeff

ProConnect Tax Online

This topic has been closed for replies.

Best answer by sjrcpa

Federal K-1 is total income and deductions. State amounts may differ because of different state rules and adjustments.

Since your client is a PA resident, all you need to enter for AL is the income taxed on the composite AL return and the tax paid on the composite return so client can get a PA credit for tax paid to AL.

sjrcpaAnswer

Level 15

Federal K-1 is total income and deductions. State amounts may differ because of different state rules and adjustments.

Since your client is a PA resident, all you need to enter for AL is the income taxed on the composite AL return and the tax paid on the composite return so client can get a PA credit for tax paid to AL.

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

A

Anonymous

That did it! I was trying to make it more complicated than it needed to.

Thank you so much for your help.

Jeff

sjrcpa

Level 15

You're welcome.

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

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