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New Member
posted Mar 27, 2025 6:48:44 AM

Where do you enter information from a Form 502/Schedule VK-1 with items in lines 1(Income) and 14 (Depreciation)

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1 Replies
Expert Alumni
Mar 27, 2025 7:04:35 AM

The Form 502/Schedule VK-1 is a Virginia tax form

 

This form is issued if there are differences between the Federal K-1 and the Virginia Tax code.

These differences will arise when the states don't follow the same depreciation rules as the IRS does. 

 

It would be considered when you post the Virginia State portion of TurboTax