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partnership k-1 composite tax deduction/credit for taxes paid to other states

johnm
Level 3

Using Proseries, I am entering client partnership K-1. Partnership filed a composite return for all but 3 states where ptshp does business. My client elected out for NY resident state, CA non-res, and CT non-res. When filing NY Resident, how do I report the thousands of dollars paid on his behalf to the composite states where tax was paid at the ptshp level?  He should be entitled to a credit for taxes paid on NYS return just like he gets for CA non-res & CT non-res.  Thanks!

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sjrcpa
Level 15

Yes. That's how it works.

And attach the documentation for the tax paid to the 30 states.


ex-AllStar

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2 Replies 2
johnm
Level 3

It looks like I have to enter the ~30 other states taxes separately on individual IT-112-R - a separate form for each of the thirty states that were part of the partnership composite tax returns for non-residents.

Has anyone ever had this experience?

sjrcpa
Level 15

Yes. That's how it works.

And attach the documentation for the tax paid to the 30 states.


ex-AllStar

View solution in original post