USA State Corporation Tax Returns.


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For state corporate tax returns – do we report the state sourced income as reported on the State K-1s or do we just apportion the Federal income using the Apportionment factors (such as – Sales, Payroll, etc.)?

I am a little confused about this.
 
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kirby

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The partnership that sent you a State K-1 also sent a copy to the State. So the State will be expecting to see you report on your Corp tax return the same amount the partnership reported to the State.
 

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