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- Tax Exempt Interest From Sub-Tier Partnership
Tax Exempt Interest From Sub-Tier Partnership
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bporter
Level 3
09-13-2022
06:41 PM
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In the K-1 input to Line 18.A., the tax exempt income is placed, and it flows thru to Schedule M-1 (Tax Exempt Income - In State ... From K-1s) ... works fine for Federal ... but what if that T-E interest is from Out-of-State, so it would be taxable to resident state? How do you differentiate that T-E interest, which should be in Schedule M-1 in the line "Tax exempt interest - out of state" ......
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