Submitted by Taxes-by-Rocky on 10-30-2020 10:13 AM
Clients who have Schedules K-1 for PTEs that operate in multiple states will often have non-resident withholding from a number of states. It would be helpful if the Federal K-1 Worksheet Add'l Info 1 (or the Tax Payments Worksheet) could accommodate state non-resident withholding from a number of different states for a given PTE. Further, when such withholding is entered in the Federal return it should be transferred to the state returns, whether directly onto the state return itself or to a state return form or worksheet where required by the state taxing authority.
In short, dealing with a 'state grid' in ProSeries is difficult because non-resident withholding is treated differently by each state and the preparer must keep a record of how non-resident withholding flows through from the Federal to state returns each year.
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.