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Kentucky Schedule K-1

I am using TurboTax Premiere 2023. I received two schedule K-1s (from an Irrevocable Trust), one federal, one state (Kentucky). Both K-1s show identical information no gross income (only losses C & D). During the TT federal interview process, TT inquired about the K-1. However, when I went through the TT state interview, TT did not ask questions about the Kentucky K-1. I see that TT carried over the loss amount to my KY form 740, but there is no Kentucky K-1, only an "Activity Worksheet" for the Irrevocable Trust. My question is, am I done? Do I need to separately file (via "snail" mail) the Kentucky K-1? What about the Kentucky Form 741?

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2 Replies
PatriciaV
Expert Alumni

Kentucky Schedule K-1

No, if the information from the federal Schedule K-1 was carried over correctly to your state return, you should have no entries to make from the state K-1. You are not required to submit either K-1 with your federal or state tax returns.

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Kentucky Schedule K-1

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