DavidD66
Expert Alumni

Get your taxes done using TurboTax

No, not in your case.  The reason the form exists, is to report adjustments that need to be made for differences in state and federal amounts reported on the K-1.  A good example is depreciation.  Often there is a difference between federal and state amounts of allowable depreciation.  The state form provides information to adjust taxable income to account for the difference.  You do need to report the K-1, if it has any reportable data.

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