AliciaP1
Expert Alumni

Business & farm

The Schedule K-1 is a federal form.  If the state S-Corp return has some sort of its own version, then yes, those will go out to the shareholders as well.

 

To enter an additional state where your S-Corp earned income, you can follow these steps:

  1. Within your tax return, click About Your Business under the Business Info tab
  2. Click Edit on the Primarily doing business in: line
  3. Click Add Another State
    • If it's not clear in which state you earned more income (roughly 50/50) your business location state is the Primary State
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