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Can I deduct taxes that I have deducted from my earnings that I pay to a number of states on a bulk filing basis?

Forum|Forum|7 years ago
June 6, 2019
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state taxes show on the K-1 as paid, when entered (line 13 code w) - you'll need to enter further detail. you should also get state k-1's for states where you are supposed to file returns. Now may pass-through entities pay the state taxes for their partners/shareholders in non-resident states so the taxpayer doesn't have to file. this is not usually possible if the business is located in the taxpayers resident state. this can get complicated because of all the ways a partnership/S-corp can handle state income taxes its partners/shareholders.

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Anonymous

do you get a w-2 or is this info from a k-1

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dckechely20313Author

It appears on my k-1

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dckechely20313Author

From my 401-K

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Anonymous

don't understand what you mean by state taxes and 401-K.

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Anonymous

Answer

state taxes show on the K-1 as paid, when entered (line 13 code w) - you'll need to enter further detail. you should also get state k-1's for states where you are supposed to file returns. Now may pass-through entities pay the state taxes for their partners/shareholders in non-resident states so the taxpayer doesn't have to file. this is not usually possible if the business is located in the taxpayers resident state. this can get complicated because of all the ways a partnership/S-corp can handle state income taxes its partners/shareholders.