Have Schedule K-1 1041 for an estate, no issue with federal return, my state asks for info, but estate was from another state. It's all deductions, no income. Do I need to file anything on my state return re this K-1?

[AmyC · Accepted solution]

Maybe.  No If your state begins with your federal AGI, then it would already be accounted for. Otherwise, you would want to include deductions against your state income.

If you are not sure, reply with your state of residence.

[JanNC]

I did enter the K-1 1041 into the federal return first.  We live in NC and the estate is SC.  There is a SC K-1 as well as the K-1 for the federal tax.  Thank you so much for replying!

[AmyC · Accepted solution]

NC begins with the federal AGI so you are all set! 

Yes, a K-1 for each tax entity is generated to be filed with the state / federal by the issuer of the k-1.

[JanNC]

Thank you SO much!