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How do I file a 2k-1 for Wisconsin, I'm not seeing this as an available form?
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State tax filing
A 2K-1 Wisconsin form is the state counterpart of a 1041 K-1 Beneficiary's Share of Income, Deductions, Credits from a Trust or Estate.
Therefore, you would enter this form in the Trust income section as a K-1 of your federal return (if you haven't already entered a 1041 K-1 related to the same estate/trust information) and then the information should flow through to your Wisconsin return. (You should not have to re-enter the form on your Wisconsin return as long as the Estate/Trust K-1 information is on the federal return.)
To enter the form in TurboTax, take the following steps:
- From within your Federal return in TurboTax, select the Wages & Income tab at the top of the screen.
- Scroll down to S-Corps, Partnerships & Trusts section. Select "show more" and then select to START/REVIST the K-1 section of TurboTax. From there select that the K-1 is from an Estate or Trust and follow the screen instructions.
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State tax filing
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State tax filing
I am having this problem too. I have State and Local Tax amount on the 2K-1, but not the Federal K-1. How do I enter that?
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State tax filing
You can enter you state and local withholdings from line 15j of your Schedule 2K-1 in the "Other Income Taxes Paid in 2019" section under Deductions and Credits. Please see the instructions below:
- Log into TurboTax & click on any topic to continue to your return
- Click on Federal from the menu on the left-hand side of the screen
- Next click on Deductions and Credits at the top of the screen
- Scroll down to Estimates and Other Taxes Paid and click on "Show More"
- Click on "Start" or "Revisit" next to Income Taxes Paid and then select Yes
- Scroll down to Other Income Taxes Paid in 2019 and click "Start" or "Revisit" next to Withholding not already entered on a W-2 or 1099
- Enter the information in the State and Locality Withholdings sections
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State tax filing
I have a number on 13b on Wisconsin Sch2k-1. A column c adjustment for state and local taxes. How do I enter that in Turbo Tax Premier?
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State tax filing
According to this Turbo Tax link, this is how to enter this in Turbo Tax so that a Schedule 2K-1 will be generated in your Wisconsin return.
A 2K-1 Wisconsin form is the state counterpart of a 1041 K-1 Beneficiary's Share of Income, Deductions, Credits from a Trust or Estate.
Therefore, you would enter this form in the Trust income section as a K-1 of your federal return (if you haven't already entered a 1041 K-1 related to the same estate/trust information) and then the information should flow through to your Wisconsin return. (You should not have to re-enter the form on your Wisconsin return as long as the Estate/Trust K-1 information is on the federal return.)
To enter the form in TurboTax, take the following steps:
- From within your Federal return in TurboTax, select the Wages & Income tab at the top of the screen.
- Scroll down to S-Corps, Partnerships & Trusts section. Select "show more" and then select to START/REVIST the K-1 section of TurboTax. From there select that the K-1 is from an Estate or Trust and follow the screen instructions.
**Mark the post that answers your question by clicking on "Mark as Best Answer"