Schedule VK-1 is prepared by the pass-through entity to show each owner's distributive or pro rata share of the entity's income, Virginia modifications and Virginia credits, and other information necessary for an owner to be able to include the effect of participation in the entity in the owner's income tax return.
You normally will only receive a Schedule VK-1 if there are differences between what is reported on your Federal K-1 (income, deductions, and credits) and what the State of Virginia allows. Compare the entries on Schedule VK-1 with those on the Federal K-1. These differences, if any, are entered in the state tax interview for VA.
Review your Schedule VK-1 for items listed that are treated differently by Virginia than they are on the Federal return.
When you complete the Virginia state interview, at the screen, "Here's the income that Virginia handles differently", you can enter the items from Schedule VK-1 on the line that applies. See screenshot below for examples, and read the information at the Learn More links next to the items on that screen:
Entering the Virginia differences will allow TurboTax to treat your state income following Virginia state law.