Arkansas S-Corp Sch K-1 Apportionment is multiplying apportionment percentage twice to arrive at AR K-1 ordinary income.
The apportioned amount transferring from Sch K Equivalent line 1 is being apportioned a second time on the individual Schedule K-1 for each owner. I currently have to override to calculate the correct amount.
Federal income * App% = AR taxable income
2,724,631 * 1.877675% = 51,160 should be amount allocated to K-1s.
Instead, ProSeries is showing 51,160 * 1.877675% = 960 (672+288) as ordinary income on K-1s