drbdrb
Level 3
03-15-2023
12:37 PM
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I asked this question last year but still having difficulty. PA resident is a limited partner in two CA rental real estate partnerships. On PA Schedule G-L (calculation of resident credit for tax paid to CA) Section 2, the net rental real estate income from each partnership is entered on the line for "Net income or loss from business..." (vs "Net income or loss from rent..."). Yet, the combined total net income is included under Totals for the "Net income or loss from rent..." line. See following example. Any ideas on how to correct this?
Partnership K-1 #1 | Partnership K-1 #2 | Totals | |
Net Income/Loss from Business | $10,460 | $7,887 | 0 |
Net Income/Loss from Rents | 0 | 0 | $18,347 |
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