How Can We Help?
Allocating income tax (legacy method)
Mclowd displays the Income Tax Allocation screen, showing Member Weighted Averages and income tax payable for each member.
Again, income tax is allocated according to the Member Weighted Averages shown in the MWA Report.
You can view the MWA Report again from this screen if desired.
You can override the calculated percentages by typing in the OVERRIDE column. The total must be 100%.