IreneS
Intuit Alumni

Investors & landlords

It is common for state K-1s to have different line numbers than the federal forms.  However, since the amounts are the same, Turbo Tax will automatically make sure the figures are reported correctly to MS and your resident state without having to enter them manually on the state returns.

 

It's important to include the MS property taxes, along with other itemized deductions, on your federal return.  Many states (including MS) allow you to itemize on the state return even if you end up using the Standard Deduction for federal purposes.  

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