drbdrb
Level 3
03-15-2021
01:09 PM
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My client, a resident of PA throughout all of 2020, is a limited partner in two CA rental real estate partnerships and needs to file in both CA and PA. I want to show the 754 depreciation separately for each partnership and thus entered this (negative) amount as a "Separately Stated Deduction" for each partnership. Using the "Allocate Multi-State Amounts" box, I made three entries (each with the same dollar amount) for the 754 Depreciation: CA (with "S" source), PA (with "S" source), and US. The amount flows through to the 1040 and 540 returns but not to the PA return. Please let me know what I am doing incorrectly. Thanks for your assistance.
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