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cranesimmons
Returning Member

Why does my id state return say i have a id-k-1 form when i have only entered federal 1065 k-1 forms?


why does turbotax say no state efile because of id-k-1?

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Accepted Solutions
NancyG
New Member

Why does my id state return say i have a id-k-1 form when i have only entered federal 1065 k-1 forms?

Many states begin their tax computation with federal taxable income. From there you may have to make adjustments to get to state taxable income.  An example is federal Section 179 and bonus depreciation.  

Did you receive a separate state K-1 or K-1 equivalent.  This state K-1 will reflect any state level "subtractions" and/or "additions" necessary at the state level.

Enter the state specific information on the state input.

If the state is not your "resident" state please see the following:

 

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1 Reply
NancyG
New Member

Why does my id state return say i have a id-k-1 form when i have only entered federal 1065 k-1 forms?

Many states begin their tax computation with federal taxable income. From there you may have to make adjustments to get to state taxable income.  An example is federal Section 179 and bonus depreciation.  

Did you receive a separate state K-1 or K-1 equivalent.  This state K-1 will reflect any state level "subtractions" and/or "additions" necessary at the state level.

Enter the state specific information on the state input.

If the state is not your "resident" state please see the following:

 

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