Apportion of income/expenses for multiple states on Form 1065

jhbvtacpa · ‎02-08-2021

I'm trying to apportion income/expenses to multiple states on Form 1065 using ProSeries Professional pay-per-return. Can this be done?

If not, can I purchase a pay-per-return in any other Intuit product to get this return done.

Terry53029 · ‎02-09-2021

A1065 partnership distributes income to its partners on a proportional based on ownership %. That is done on each partners K1 worksheet. You shouldn't have any issues that I am aware of using ProSeries.

Accountant-Man · ‎02-09-2021

Is the partnership's business located in multiple states?

** I'm still a champion... of the world! Even without The Lounge.

jhbvtacpa · ‎02-09-2021

Horse racing partnership. Managing partner in Kentucky, other partners located throughout. Race earnings in Kentucky, California, Indiana and Louisiana.