I looked at the input instructions on ProSeries for entity level instruction but I am having trouble following this SALT actually flows to the 500 Individual form to provide the so called benefit. Conceptually, there should be 1. an entry of the amount for your entry level tax payment on the tax payment input OR 2. a deduction for income already taxed OR 3. an adjustment to line 16 (Tax)
1. There is not an entry into the tax payment section unless I am missing where to put this. Is there a place to input the amount listed "Income Tax" under "Pass-Through Entity Level Tax"? I don't see where to input this.
2. I don't see a deduction to federal income on Pg 1 of form 500 for this entities paying the Georgia Tax. I assume this isn't the "fix"
3. The tax is calculated without a support document and I have too many items to easily tell if it is somehow pulling out the PTE entities. Is it?
Sorry to be so thick with this new process. Any help much appreciated!
You have clicked a link to a site outside of the ProConnect Community. By clicking "Continue", you will leave the Community and be taken to that site instead.