The statement from the pass-through entity should include the taxpayer’s Social Security number, name, tax year, and the pass-through entity’s name, and Federal Employer Identification Number. In addition, it should include the state, if the taxpayer elected to participate in the composite filing (Yes or No), gross income, taxable income, and tax liability.
| State | Election to Participate | Gross Income | Taxable Income | Tax Liability |
|---|---|---|---|---|
| State A | Yes | $100,000 | $93,265 | $5,643 |
| State B | No | $22,450 | $19,767 | $1,324 |
| State C | Yes | $152 | $147 | $9 |
| State D | Yes | $3,065 | $2,978 | $253 |
| State E | Yes | $174,623 | $169,441 | $15,721 |