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This questions refer to California K1 (541). there is not place to insert section C or E and 14a. Can someone help me

 
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4 Replies
TerryA
Intuit Alumni

This questions refer to California K1 (541). there is not place to insert section C or E and 14a. Can someone help me

With the exception of line 14a, Tax-exempt interest, the other items you mention are N/A to your TT/Calif return so there is no input for them.

Any tax-exempt interest must be entered in the Schedule B area for tax-exempt interest where you can enter the state(s) the interest is from. That detail is not provided by the Calif FTB on the K-1.

This questions refer to California K1 (541). there is not place to insert section C or E and 14a. Can someone help me

Is this also true for form 100S, regarding entering CA K1 info? I have numbers in the form provided on my K1 for columns c and e... 

Also, there doesn't appear to be a line 12a in TurboTax.

It sure would be nice if a note was added to TurboTax to clarify this if it's as simple as N/A!

DawnC
Expert Alumni

This questions refer to California K1 (541). there is not place to insert section C or E and 14a. Can someone help me

Form 100S is a California S Corporation Franchise or Income Tax Return.    The Schedule K-1 is slightly different depending on whether it comes from a trust, partnership or S corporation. However, all K-1s provide detailed information about the type of income, tax deduction or loss so you can accurately report the information on your tax return.

 

Where do I enter a K-1 that I received?    @mikejstein

 

 

If the Schedule K-1 packet you received included additional information about states where the partnership operates and generates income, you may need to report that income by filing non-resident returns in those states.  Every state has its own requirements regarding income earned by nonresidents, so you will need to investigate the filing requirements for that state and decide whether you should file a state return.

 

This article provides links to States with income tax: State Departments of Revenue

 

See the following article about filing in multiple states.:
https://ttlc.intuit.com/replies/3300797

 

You should have a federal K-1 to enter on your personal return.  If the CA K-1 has specific information for the CA state return, it can be entered on the state return.   TurboTax will transfer the data entered on the federal return to the state returns.   

 

K-1s for Multiple States

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This questions refer to California K1 (541). there is not place to insert section C or E and 14a. Can someone help me

That generic answer unfortunately completely misses the question.

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