- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Depreciation Allocation Federal K-1 versus Pennsylvania RK-1
Hello,
I am an executor filing a "final" return for a decedent's estate. All distributions have been made, which includes taxable income from a rental property. All depreciation has been distributed to the beneficiaries and is properly listed in box 9 of Federal K-1. TurboTax automatically reduced the Estate's portion of depreciation to zero. No issues so far.
The problem? The Pennsylvania RK-1 transfers rental income values from the Estate (1041) return. How do I get the depreciation deducted off the value in box 6 of the RK-1?
Topics:
‎February 13, 2023
6:19 PM