IreneS
Intuit Alumni

Business & farm

If any of the interest or dividend income were from U.S. obligations, it would be mentioned in a note on or attached to the K-1. 

Interest on U.S. obligations is taxable on your federal return, but some states exempt it from state tax. 

If there is no notation on the K-1 that the interest or dividend amounts were from U.S. obligations, enter zero when asked for the amount by TurboTax.

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