I have been given a Wisconsin 3K-1 for partnership income. Where do I put this into Turbotax, or will the Federal K-1 form suffice (since the data is the same)?

[ToddL · Accepted solution]

The information from your Federal K-1 will transfer to your WI return automatically. If all the numbers are the same, you won't need to make any adjustments to your WI return.

(State K-1s are usually issued when there are differences in how certain K-1 items are calculated or taxed by the state in question. There is a place in the state tax interview to make an adjustment to the K-1, if there are differences).

[WantingToDoTheRightThing]

I have received only a Federal K-1 (but no WI 3K-1) from the PTP.   Per your answer to megsta, there apparently must be no differences in how certain K-1 items are calculated/taxed by WI.   However, considering that the PTP is not located in WI and none of the Guaranteed Payments reported on the K-1 resulted from operations in WI, can they be subtracted (as an adjustment) from WI State income?  Note: I am a full time resident of WI and already have reported the taxable distribution on my Federal return.

[WantingToDoTheRightThing]

I have received only a Federal K-1 (but no WI 3K-1) from the PTP.   Per your answer to megsta, there apparently must be no differences in how certain K-1 items are calculated/taxed by WI.   However, considering that the PTP is not located in WI and none of the Guaranteed Payments reported on the K-1 resulted from operations in WI, can they be subtracted (as an adjustment) from WI State income?  Note: I am a full time resident of WI and already have reported the taxable distribution on my Federal return.