KarenM90
Intuit Alumni

Deductions & credits

You need to enter the K-1 exactly as it appears on your actual K-1 on your Federal Return.

 

If the investment property is in North Carolina, you may have a North Carolina K-1 as well as a Federal K-1 which will provide you with information on any differences in Reporting.

 

As you go through the North Carolina Return, you will be asked to allocate your K-1 income, as necessary.

 

It is generally recommended to prepare your Non-Resident or Part-Year Resident Return prior to preparing your Resident State Tax Return.

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