South Carolina help needed

[Waldo]

I have a NY client who held a one-third share in a condo rental in SC which was sold. The Form I-290 shows a gain of $14,467 and a 7% withholding to have been paid on April 21, 2006. She told me that she received a check for the balance. However, it appears that the gain was figured to be $18,170 on the federal return.

Questions:

Which number do I use on SC NR return? $18170 or $14467.

Can I possibly be correct when I input the gain and then the withholding of $1013, my program indicates a refund of over $800.

[ChEAr$]

Use the actual gain,

I have a NY client who held a one-third share in a condo rental in SC which was sold. The Form I-290 shows a gain of $14,467 and a 7% withholding to have been paid on April 21, 2006. She told me that she received a check for the balance. However, it appears that the gain was figured to be $18,170 on the federal return.

Questions:

Which number do I use on SC NR return? $18170 or $14467.

Can I possibly be correct when I input the gain and then the withholding of $1013, my program indicates a refund of over $800.

whatever the figure happens to be.

If you use the 14467 figure for the SC return, why not then use it for federal?
You must have determined that it was wrong, right?

[Waldo]

South Carolina problem

The client is new and her problem is compounded by the fact that the the return prepared for one of the other former owners of said condo was done incorrectly. The third did a 1031 exchange- so the whole thing is a mess. I want to do hers correctly. However, I do not understand the I-290 issued by SC. That is what I would like an explanation for. I appreciate any help I can get.

[erchess]

I get the impression

that you did not prepare her Federal Return. Is that correct? If I am right the original respondent missed that point. Perhaps with it clarified he or someone else can help you out. The only help I could offer you is that of all the State Taxing Agencies with which I have had dealings, SCDOR is without question the most helpful.

[Waldo]

SC help

Thanks for responding. I will try SC next week. One of the problems with the return is that the entire sale was figured and taxed on one of the other owner returns. In fact, that other owner had been taking all of the depreciation, income and expenses of the rental. (He has not prepared his own returns). The other preparer does not want to rectify the errors that have been piling up over the years. So I am faced with doing the best that I can with the mess that has been made.