- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Unfortunately, TurboTax does NOT ask for the Maryland K-1 information!
It does not ask about Line 3, addition or Line 4, subtraction. One has to enter that information MANUALLY on an accompanying worksheet! Using the Add Wks-NR where there are different entries, including a for entering K-1 504 Maryland additions!
In a related problem, TurboTax does NOT automatically transfer the tax-exempt interest amount from the federal K-1 form into the Maryland tax form!
One has to select that during the Easy Step "interview" -- I put that in quotes because there is no actual interview for the state form -- just a list of items that one has to pick. That, too, is a major deficiency!
TurboTax should prompt the taxpayer to enter data into a K-1 form -- providing boxes to enter data just as it does for a federal K-1 form. It should also automatically transfer tax-exempt interest into the Maryland state form.
Quite disappointed!