Question
SCH K-2 FOREIGN TAX PAID NOT FLOWING TO M-1/SCH K TOTAL INCOME
Noticed today that schedule K-2 foreign tax paid is not flowing to the calculation of taxable income, and therefore resulting in Sch L not balancing diagnostic. Anyone have the work around for this or know when this will programmed into the software? It's a legitimate payment and in the past (old Sch K line 16) reduced the taxable income for purposes of M-1 and Sch K.
