Announcement

Collapse
No announcement yet.

Massachusetts Sch SK-1

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Massachusetts Sch SK-1

    Client is a very minor partner (.5147%) in his employers holding corporation. He has a federal Sch K-1 which my software handles fine, but there are also state K-1's from CA, MD, MA, NC, SC, VA as well as one for home state of NY. I can calculate most of them fine, but for some states, particularly MA, my software doesn't have the state K-1 available to enter the state info on, so I am not sure if my results are correct, as the MA state info is very different from the federal. None of the K-1 income is much over 2k so not even sure if NR state returns need to filed. MA K-1 has ordinary income or loss of $2 after a $2 deduction. Any help is appreciated!
Working...
X