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Lacerte entries for SALT modifications on a MD partnership

KHK
Level 1

How do I enter the modifications on the federal and state returns for the SALT tax paid 

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2 Replies 2
sjrcpa
Level 15

Enter the amount paid as state tax in the federal deductions-taxes field. The rest should flow automatically. I'm getting the addback on the MD K-1 for an S Corp. The MD tax is being calculated on the federal income without the state tax deduction.


ex-AllStar
sjrcpa
Level 15

Now I see you asked about partnership. It pretty much works the same way. Check the box to use the updated MD forms. There is a Diagnostic for this.


ex-AllStar