Mississippi Schedule K-1 Doesn't Flow Through To Tiered Partnership

John of Gischala · ‎08-23-2022

And there is no override available..

Form 84-105 Part II "Pass-through entity schedule" is blank and there no Jump to Input available.

In addition, while on the individual level there is a box in the K-1 module for state sourced income, there is no such box in Module 23 in a partnership.

PhoebeRoberts · ‎08-23-2022

Does MS use your share of the other entity's apportionment factors and apportion the income, rather than allocating it?

John of Gischala · ‎08-23-2022

It's rental income, so it's directly allocated as nonbusiness income.

PhoebeRoberts · ‎08-23-2022

My Part II auto-completes based on input in Screen 23, with no special entry.

You want Screen 44.301 to allocate non-business income. See screenshot.

John of Gischala · ‎08-23-2022

I don't have any MS input in screen 23. Even the "State, if different" column only allows NY.

PhoebeRoberts · ‎08-24-2022

I don't have any state if different input into Screen 23, either.

PhoebeRoberts · ‎08-24-2022

Ah, the input that triggers it is MS in the state field of the partnership address. Which follows the plain language of the form, I guess - "entities in Mississippi."

I agree, that's not my preferred input trigger.

View solution in original post

John of Gischala · ‎08-25-2022

Great, now I have to figure out how to define "in"...

John of Gischala · ‎08-25-2022

I was sort of hoping that whatever fixes that issue would also automatically key in the correct amount for MS form 84-122 Line 24 "Mississippi income from partnership", but it looks like I still need to do that manually..