Skip to main content
Level 1
September 10, 2024
Question

How do I allocate income between NY and FL for an 1120 s?

  • September 10, 2024
  • 1 reply
  • 10 views
I need to split the income between NY and FL. I cannot figure out where to allocate the income in the FL Corporation worksheet.
This topic has been closed for replies.

1 reply

IRonMaN
Level 15
September 10, 2024

Normally the allocation is based on things like sales, payroll and assets.  You can't find such a critter in the FL software?

Slava Ukraini!
sjrcpa
Level 15
September 10, 2024

Most of the time no FL return is required for an S Corp.

The more I know the more I don’t know.
PATAX
Level 12
September 10, 2024

@sjrcpa Makes sense since FL k-1 would be meaningless.