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State combined and consolidated returns

Consolidated returns and state requirements

Some states don't allow consolidated returns to be included in a subsidiary listing. You need to mark the entity as either a parent or subsidiary for these states:
  • California
  • Florida
  • Illinois
  • Kansas
  • Massachusetts
  • Minnesota
  • Mississippi
Special Rules for Georgia and New York
  • Georgia
    : If you're dealing with a subconsolidation return that needs to be included as a subsidiary in a Georgia top consolidation, make sure to mark it as a subsidiary for Georgia purposes.
  • New York
    : For a subconsolidation return included as a parent company in a New York top consolidation, mark it as a parent company for New York purposes.
Maintaining Consistent Detail
Consistency in Detail Entry
Ensure that all detail is entered consistently across each return to avoid adjustments. For example:
  • Depreciation Overrides
    : If you enter overrides in the State Adjustments area for depreciation on non-adopting states for some companies, do the same for all. Enter all overrides under Federal Depreciation > 4562 Overrides > States Adopting 179, and reconsolidate.
  • Work Opportunity Credit
    : Maintain a consistent level of detail. If you enter an amount in State Adjustments for the work opportunity credit for one company, do the same for all others, rather than letting it generate automatically from the federal return.

This article applies to:

  • Product: GoSystem Tax RS
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