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Level 2
May 11, 2020
Question

Why is the software charging a fiduciary income tax on a Kansas Estate return when there is no federal tax due?

  • May 11, 2020
  • 2 replies
  • 16 views
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2 replies

BobKamman
Level 15
May 11, 2020

Why not?

Some deductions allowed on the federal return are probably not allowed by Kansas.  For example, state income taxes.  

GPSNAuthor
Level 2
May 11, 2020

Thanks for your response. 

My research indicates there will be no state tax due if there is no federal tax due for the estate. This is not a business return with future income but a simple estate. Paying tax on this return will cause double taxation to the tax payer. I can't find anyway to remove the Kansas tax in the software.

 

Just-Lisa-Now-
Intuit Community Champion
May 11, 2020

Follow the money through the KS return (print it out if need be)...what is being taxed?  Is it correct?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
BobKamman
Level 15
May 11, 2020

Another reason could be the estate's taxable income is from capital gains -- zero tax rate on lower amounts for federal, no tax break for nearly-bankrupt Kansas.  

sjrcpa
Level 15
May 11, 2020

and/or qualified dividends.

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