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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:
- Within your tax return, click About Your Business under the Business Info tab
- Click Edit on the Primarily doing business in: line
- 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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March 5, 2022
6:21 AM
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