cancel
Showing results for 
Search instead for 
Did you mean: 

CA resident partner has 1065 K-1 with 14a self employment earnings $800,000 and there's a NY schedule with S/E earnings of $160,000. How do I enter on sc 20.1 at 14a?

LSTAX
Level 1

Do you enter 800,000 with state US and another line 160,000 NY or would that double count the NY S/E income?

Labels (1)
0 Cheers
1 Solution

Accepted Solutions
Highlighted
George4Tacks
Level 15

Use the N and S codes next to the US, CA, NY codes. https://accountants-community.intuit.com/articles/1861483-sourcing-income-for-a-multi-state-passthro...

No promises made or implied, I am just another user, like you.

View solution in original post

0 Cheers
3 Replies 3
Highlighted
George4Tacks
Level 15

Use the N and S codes next to the US, CA, NY codes. https://accountants-community.intuit.com/articles/1861483-sourcing-income-for-a-multi-state-passthro...

No promises made or implied, I am just another user, like you.

View solution in original post

0 Cheers
Highlighted
LSTAX
Level 1
Thank you George.  Designating N for the fed amount and adding the NY amount with code S did not change fed - good.  It increased NY refund and lowered CA refund which I thought would be opposite since it is NY S/E income.
0 Cheers
Highlighted
LSTAX
Level 1
appears to give higher NY refund because other state credit for CA is lower (credit is the same as NY tax) so lower NY tax gives higher NY refund and lower credit for NY on the CA return results in lower CA refund.
0 Cheers