turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Ammulee
New Member

K-1 Form 1041 dividends on Fed Sch. B - how to handle for MA income tax?

I have to file a MA return and it does not populate correctly with the K-1 Form 1041 dividends in Schedule B of the Federal form.  I need the number to be in the form for the trust so MA doesn't think the income is zero.  Should I override TT and delete the trust dividends from Schedule B and put them on the trust form?  Is there a better way to make sure both my Fed and MA returns are correct?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

K-1 Form 1041 dividends on Fed Sch. B - how to handle for MA income tax?

Probably do the MA return manually. Not a great idea to override the federal return.

PatriciaV
Employee Tax Expert

K-1 Form 1041 dividends on Fed Sch. B - how to handle for MA income tax?

Please clarify what type of trust you are reporting. Do you need the dividends to be on the MA Schedule K-1 instead of Schedule B? Would this income also appear on the federal K-1? Have you tried changing the amounts on the MA Schedule 2K-1 Worksheet?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question