Hi,
I have an S corporation and pay Connecticut taxes. Such taxes are creditable on individual tax returns (form 1040). I don't know how to process the tax credit in K-1. Can somebody help me?
Thanks
Helen
Near the very bottom of k-1 entry (depending on what states you have loaded on the return) there is a section labeled "Connecticut information". The only item available for entry is "Pass-through entity credit"
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