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11 Oktober 2008

Re: [taxchat] KY Non-Resident & Taxes

it is only partial credit because of the diff tax rate; but there should still be a credit & drake is not showing any credit, or even a CR for that matter.  thats my problem.  drake says it isnt allowed.  something to do with the K1 & "withholding".  i dont get it!
lynne


Debbie Wilson wrote:

Reciprical agreement is only for wages I believe.  If they had income in Kentucky from real estate, they pay tax to Kentucky and get a credit on Illinois although I don’t know if it’s the full credit.  Seems to me I did one not too long ago, where Illinois only gave them a partial credit

 

Debbie Wilson

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