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I received a schedule K-1 from a Roth IRA investment. Do I need to enter this anywhere in my Maryland State return? If so, where?

My schedule K-1 (form 1065) came from SUNOCO LP stocks that are in my ROTH IRA account.

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Level 13

I received a schedule K-1 from a Roth IRA investment. Do I need to enter this anywhere in my Maryland State return? If so, where?

No.  Any taxes due within an IRA are the responsibility of the IRA custodian.  Don't enter that K-1 on your federal or your state return.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.**

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Highlighted
Level 13

I received a schedule K-1 from a Roth IRA investment. Do I need to enter this anywhere in my Maryland State return? If so, where?

No.  Any taxes due within an IRA are the responsibility of the IRA custodian.  Don't enter that K-1 on your federal or your state return.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.**

View solution in original post