https://ttlc.intuit.com/community/state-taxes/discussion/i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-where-to/01/1350353#M61094 Mon, 23 Mar 2020 14:09:17 GMT dave85 2020-03-23T14:09:17Z https://ttlc.intuit.com/community/state-taxes/discussion/i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-where-to/01/1350353#M61094 Mon, 23 Mar 2020 14:09:17 GMT https://ttlc.intuit.com/community/state-taxes/discussion/i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-where-to/01/1350353#M61094 dave85 2020-03-23T14:09:17Z https://ttlc.intuit.com/community/state-taxes/discussion/re-i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-whe/01/1350506#M61108 <P>There is not an actual entry screen for the MA K-1, but you will be asked to list any differences between the amounts on the federal and MA forms.&nbsp;&nbsp;</P><P>&nbsp;</P><P>Compare the federal and state K-1s.&nbsp;&nbsp;<SPAN style="color:black">If they&nbsp;are not the same, then you have to enter&nbsp;the difference as <EM>adjustments to Federal Income</EM> in the state section of the program.</SPAN></P> <UL> <LI><SPAN style="color:black">If the amount on the <STRONG>state K-1</STRONG> is <STRONG>higher </STRONG>than the federal K-1, enter an <STRONG>addition </STRONG>to federal income on your MA&nbsp;return.</SPAN></LI> <LI><SPAN style="color:black">If the amount on the <STRONG>state K-1 </STRONG>is <STRONG>lower </STRONG>than the federal K-1, enter an <STRONG>subtraction </STRONG>to federal income on your MA&nbsp;return.</SPAN></LI> </UL> <OL> <LI>In the Massachusetts return, you will come to the<EM> Partnerships and S Corps </EM>screen.&nbsp; The K-1 should be listed.&nbsp; Click <STRONG>Edit</STRONG>.</LI> <LI>You will be given the option to exclude the K-1 from the MA return entirely.&nbsp; Answer <STRONG>No</STRONG>.</LI> <LI>Note any differences on the next screen,&nbsp;<EM>MA Differences - Partnership [or S Corps].</EM></LI> </OL> Mon, 23 Mar 2020 14:58:12 GMT https://ttlc.intuit.com/community/state-taxes/discussion/re-i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-whe/01/1350506#M61108 Irene2805 2020-03-23T14:58:12Z https://ttlc.intuit.com/community/state-taxes/discussion/re-i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-whe/01/1357963#M61571 <P>Actually, I think that I may have found a bug in the system.&nbsp; Even though I tell TurboTax that money was distributed, it does not flow through to the State Income tax form MA Schedule IDD.&nbsp; This cause me to have to pay state income tax at the trust level and then again at the Beneficiary level.</P> Wed, 25 Mar 2020 14:41:22 GMT https://ttlc.intuit.com/community/state-taxes/discussion/re-i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-whe/01/1357963#M61571 dave85 2020-03-25T14:41:22Z https://ttlc.intuit.com/community/state-taxes/discussion/re-i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-whe/01/1670664#M72735 <P>They had this same bug last year. I posted on here and got no responses. I also paid for the upgraded thing to meet with a CPA and he told me that the online software isn't very good and I should just fill it out myself.</P><P>&nbsp;</P><P>Hoped it would be fixed this year. Guess not.</P> Sat, 11 Jul 2020 22:13:42 GMT https://ttlc.intuit.com/community/state-taxes/discussion/re-i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-whe/01/1670664#M72735 rthomps7 2020-07-11T22:13:42Z https://ttlc.intuit.com/community/state-taxes/discussion/re-i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-whe/01/1671676#M72806 <P>My federal K-1 does not show-up in the MA Partnership section as you describe in order to be able to edit it for the state adjustments.&nbsp; Do you know why and how I would be able to have it show up?</P> Sun, 12 Jul 2020 12:42:50 GMT https://ttlc.intuit.com/community/state-taxes/discussion/re-i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-whe/01/1671676#M72806 rdevergilio 2020-07-12T12:42:50Z https://ttlc.intuit.com/community/state-taxes/discussion/re-i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-whe/01/1671683#M72807 <P>I was now able to see the K-1 where I was able to identify the MA differences.&nbsp; Just don't know what Turbo Tax did with the information.</P> Sun, 12 Jul 2020 12:48:12 GMT https://ttlc.intuit.com/community/state-taxes/discussion/re-i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-whe/01/1671683#M72807 rdevergilio 2020-07-12T12:48:12Z https://ttlc.intuit.com/community/state-taxes/discussion/re-i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-where-to/01/1921085#M82989 <P>Same thing is happening for the 2020 taxes. &nbsp;The numbers are not flowing through to the state tax return. &nbsp;I got TurboTax to fix the bug last year, but the fact that it is happening again is very distressing. &nbsp;</P><P>&nbsp;</P><P>Anyone from TurboTax know when this might be fixed.</P> Sun, 14 Feb 2021 13:19:26 GMT https://ttlc.intuit.com/community/state-taxes/discussion/re-i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-where-to/01/1921085#M82989 dave85 2021-02-14T13:19:26Z https://ttlc.intuit.com/community/state-taxes/discussion/re-i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-whe/01/1921087#M82990 <P><SPAN>Actually, I think that I may have found a bug in the system.&nbsp; Even though I tell TurboTax that money was distributed, it does not flow through to the State Income tax form MA Schedule IDD.&nbsp; This cause me to have to pay state income tax at the trust level and then again at the Beneficiary level.</SPAN></P> Sun, 14 Feb 2021 13:20:02 GMT https://ttlc.intuit.com/community/state-taxes/discussion/re-i-have-a-massachusetts-schedule-2k-1-it-s-the-state-portion-of-the-k-1-and-i-don-t-know-whe/01/1921087#M82990 dave85 2021-02-14T13:20:02Z