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Apportion of income/expenses for multiple states on Form 1065

Level 3

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.

 

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3 Replies 3
Level 11
Level 11

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. 

Level 11

Is the partnership's business located in multiple states?

** I'm still a champion... of the world! Even without The Lounge.
Level 3

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

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