No, the amount listed in Box 14A of the K-1 (Trust) should be taxable in New Hampshire. This entry is for "tax exempt interest income," which is not taxed on the federal return. Since it comes from Oklahoma, it is taxed in New Hampshire.
To reflect this on your return, please follow these steps:
- Go back into your federal return, to the K-1 section.
-
On the Tell Us About Your Schedules K-1 screen, click the Update box next to Estates or trusts (Form 1041).
- On the Estates and Trusts K-1 Summary page, click Edit next to the K-1 you entered.
- Continue through the K-1 interview, on the Enter Box 14 Info screen, select code A from the list and enter the amount on the K-1.
- On the screen Enter Income Detail, select Oklahoma from the list and enter the amount.
This will ensure the figure flows properly to the NH DP-10.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
