@Stop-Tax-Co-Lobbying Cols 11 and 12 seem to be new for K-1s, and clearly not everyone is providing them. Either way, if your state is non-conforming, box 1 would be different (by the amount of the 'adjustment', and if the K-1 doesn't spell out how to apply it (whether to add or subtract) you may need to contact the preparer). And your adjustment to basis would also be different by the same amount.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
