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North Carolina S Corp taxed S Corp
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tscott
Level 3
02-25-2023
05:59 PM
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The program enters the S corp taxed income on Line 10 of the NC D-K-1 however when you put this number on the NC individual return it does not reduce the NC taxable income. It looks like it should take this number to line 3 of the K-1 as a deduction and also it should be on the NC K-1 Supplemental Schedule line 14. However the program is not doing it this way.
Has anybody experienced the issue.
Thanks
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