1120 Kansas Allocation Method for Form K-120AS and K-121
To populate the Kansas apportionment form, select your Method of Apportionment in
Organizer | States | Kansas | Allocation & Apportionment
. If you choose Common Carrier Mileage or Alternative or Separate Accounting, enter your apportionment data on this page. All other methods use the standard Allocation & Apportionment data entry screens.For KS Combined returns, go to the TopCon return to
Organizer | States | State Combined Returns | Options for Combined States
, choose one of the two Combined Income Methods available, and click the 'Transfer to P&S button. Recompute your subsidiary returns and reconsolidate the TopCon return.Additional Notes for Combined Returns:
- Apportionment information from each entity transfers to Form K-121. Go toTax Forms | Combined Reports | K-121 Combined Summary Report | Summary K-121, Page 2 taband click on any of the detail hyperlinks to review the information. You can also review the information in Print Preview.
- Kansas does not allow for elimination entries in computing Allocation and Apportionment and Form K-121, Page 2 does not have an eliminations column . Therefore, any elimination entries for allocation and apportionment purposes should be made on the parent and/or subsidiary return(s).
- For combined returns, the apportionment factor Form K-120, Page 1 Line 14 pulls from Form K-121, Page 2, not from Form K-120AS. If your apportionment factor is incorrect, make sure your within & everywhere amounts transferred correctly to Form K-121 and you have moved any elimination entries to subsidiary returns.
Tip!
The most common reasons for incorrect data on Form 121 are (1) amounts removed from the subsidiary return still show in the TopCon and (2) the member listing was changed and data is not mismatched between entities on the K-121 detail. If you have incorrect data, you can either:- Manually remove the data using the delete or backspace key for any line inTax Forms | Combined Reports | K-121 Combined Summary Report | Summary K-121, Page 2 tabfor the affected entity.
- Start with a clean slate by deleting the state and reconsolidating the return. This is the best option if you have removed entities from your member listing. To delete a state, go toOrganizer | States | State and City Activation/Consolidation | State and City Activation/Consolidationand click the Delete button in the last column. Select the option to Combine for Kansas in Column A. Reconsolidate the return afterwards.
