topic Re: Kentucky Schedule K-1 in Business & farm

Kentucky Schedule K-1

takoeninger — Wed, 11 Feb 2026 04:31:33 GMT

I am using TurboTax Premiere 2023. I received two schedule K-1s (from an Irrevocable Trust), one federal, one state (Kentucky). Both K-1s show identical information no gross income (only losses C & D). During the TT federal interview process, TT inquired about the K-1. However, when I went through the TT state interview, TT did not ask questions about the Kentucky K-1. I see that TT carried over the loss amount to my KY form 740, but there is no Kentucky K-1, only an "Activity Worksheet" for the Irrevocable Trust. My question is, am I done? Do I need to separately file (via "snail" mail) the Kentucky K-1? What about the Kentucky Form 741?

Re: Kentucky Schedule K-1

PatriciaV — Sun, 04 Feb 2024 21:40:36 GMT

No, if the information from the federal Schedule K-1 was carried over correctly to your state return, you should have no entries to make from the state K-1. You are not required to submit either K-1 with your federal or state tax returns.

Re: Kentucky Schedule K-1

takoeninger — Sun, 04 Feb 2024 23:00:48 GMT

Thanks for your help!