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After you file
You only need to add this to your return if the 1041 K1 has anything in boxes 1 - 11. If there isn't anything there then you don't need to add it to your federal return or a Virginia return.
If there are amounts in boxes 1 through 8 on the K1 then you have taxable income. That needs to be on your federal return. Add up the amounts in those boxes. If they total more than $11,950 ($23,900 if you're married) then you need to file a Virginia return as well. If they don't then you don't.
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March 28, 2025
2:10 PM