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braab
New Member

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 Reply
JohnB5677
Expert Alumni

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

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

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