working on a 1040. individual has a partnership K-1, which shows Oklahoma tax withheld on the Form 500-B. Where is the input screen in lacerte that will allow me to show this withholding offsetting his total tax on his OK 511-NR ?
Thanks for your help!
Lacerte has this snifty feature:
Go to where you expect the info/amount to appear. Right click on that field, then click on "jump to input". That will *usually* take you to where you to input the info (or give you the various options when there are multiple places).
Hope it works.... but I'm gonna' page our OK *Champ*.... she'll know.
Thanks so much for the tip! I did already try that and Lacerte takes me to the W-2 input screen...This withholding is coming from a partnership OK 500-B form.
Hopefully someone can direct me.
Screen 57.042, which you get to from 57 State Other, then at the top left, OK Form 500-B.
I "love" state tax returns - LOL!
I do have the withholding in 57.042, and it is not showing up on the OK tax return in the withholding line.
I did learn from another co-worker that I can input it on the K-1 input screen for the partnership (20.1), line 15 Credits and withholding, in the box called "Credit for state estimates/withholding paid after 12/31/2019". (There is another box just above it for amounts paid prior to 12/31/2019). When I input the amount here, it does show up on the OK tax return.
Thanks SO MUCH for your help!!
I have an Arizona partnership, an Ohio partner and Oklahoma state WH. I have put the info on the 500 b, but as stated above it still does not transfer to my OK return. I can put it on the credit line as described above, but it does not allow me to assign that tax to a state so it doesnt show up on ANY of my state returns. Any ideas?
ugh! never mind. I found the correct line.
I agree with the kbailey.......I LOVE state returns!! LOL
Looks like you have to enter it in both screens...