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Level 1
posted Sep 11, 2024 12:57:08 PM

Where to enter Georgia K1?

I need to enter a Georgia K1.   There are adjustments to income that need to be made and also only a portion of the loss is applicable to Georgia.  I can not figure where to enter that in Turbo tax.  Any help or suggestions are appreciated.   

0 3 4401
3 Replies
Level 15
Sep 11, 2024 1:04:29 PM

The state of Georgia does not have separate Schedule K-1.  You enter the Schedule K-1 you received (1041, 1120-S, 1065) in the federal section of the TurboTax program.

 

To enter a Schedule K-1

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Business Items (Business Investment and Estate/Trust Income using Home and Business)
On Schedule K-1, Q, click on the start or update button


Or enter k-1 in the Search box located in the upper right of the program screen. Click on Jump to k-1

 

Level 1
Sep 11, 2024 1:07:29 PM

Thanks.  However I have entered the federal K1.  Since income is earned in multiple states,    I have a Georgia Form Schedule K1 Equivalent that makes adjustments and apportionments for Georgia.  That is what I am trying to enter. 

Level 15
Sep 11, 2024 1:30:01 PM

Using the TurboTax desktop editions click on Forms.

When in Forms mode, in the Georgia section, on the left side click on Activity Wks