Screen MEOthTax - Maine Other Taxes (1120)

Overview

Use this screen to enter Maine income subject to tax in an S Corporation.

Additional Taxes

Use this section to enter the amount of Maine income subject to tax in an S Corporation. The amounts entered in these fields combine with the following S Corporation income subject to federal corporate income taxation:
  • Excess Net Passive Income; transferred from the federal Excess Net Passive Income Tax Worksheet.
  • Built-In-Gains Taxable Income; transferred from federal Form 1120S, Schedule D.
  • Capital Gains Taxable Income; transferred from federal Form 1120S, Schedule D.

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