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Where do I enter the VA addition for PTE taxes paid by partnership?
I received a VK-1 from a Virginia partnership. VA partners receive a credit for state taxes paid by the partnership. However, the flip side of this is that the partner must also add back their share of the taxes paid by the PS that gave rise to the PTE credit. This amount is reported on line 10 of Form VK-1, but I don't see anywhere in TurboTax Premier Desktop to enter this amount. Do I have to manually adjust my distributive share of PS income reported on line 1 of Form VK-1 to include the amount reported on line 10? If yes, I would have expected better from TurboTax!
‎April 14, 2024
3:44 PM