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Level 2
posted Sep 29, 2024 4:38:10 PM

Massachusetts Schedule SK-1 not in TurboTax

Hi,

 

Do I need to file Massachusetts Schedule SK-1 separately and outside of TurboTax?  I can't seem to find SK-1 anyway in TT.

I got the K-1 [Form 1120-S] information all entered into TT correctly on the Federal part, MA has all the info from the Fed K-1 already.  Do I still need to file for MA SK-1?

 

Thanks

0 1 12954
1 Replies
Level 15
Sep 29, 2024 4:58:36 PM

Doesn't appear to be the case:

 

Schedule SK-1 is designed to allow the S corporation to report each shareholder’s distributive share of S corporation income separately. Use the information provided on Schedule SK-1 to complete your appropriate Massachusetts tax return (Form 1, 1-NR/PY or 2). For more detailed instructions on Schedule SK-1, see the Schedule S instructions