7t9r743V
Returning Member

State tax filing

Update: TurboTax allowed me to file my return electronically this year for some reason.

 

Virginia's requirement to submit a VK-1 form when claiming the PTET tax payment credit did not change. The 2024 Virginia Schedule CR form explicitly states that the VK-1 form is required.
"Pass-Through Entity Elective Tax Payment Credit: Enclose Form 502 Schedule VK-1."
https://www.tax.virginia.gov/sites/default/files/taxforms/individual-income-tax/2024/schedule-cr-202...

 

However, TurboTax now appears to be ignoring this requirement and allowing individuals to file electronically without it. Not sure if that's a good thing or a bad thing. It definitely made filing easier, but I will be pissed if Virginia disallows the credit because there was no supporting VK-1 attached.