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Returning Member
posted Aug 29, 2023 1:10:18 PM

2021 Virginia Form 502 Schedule VK-1 - To File Or Not To File

After e-filing my Virginia 2021 return, I received a  Enterprise Products Partners 2021 Form 502 Schedule VK-1, “Virginia Pass-Through Entity Owner’s Share of Income and Virginia Modifications and Credits”. The form has very little info. on it – a taxable income figure which is negative, a total additions figure, and no tax credits. A Virginia Schedule VK-1 Worksheet for  income and credits is not included in my Turbo  Tax Premier 2021 program, whereas it is included in the 2022 program. How do I handle this? Amend my 2021 Virginia return and attach a copy of the schedule (although I don’t know where to enter this info in Turbo Tax)? Mail the form in separately, or just keep it for my records?

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2 Replies
Level 15
Aug 30, 2023 4:36:40 PM
Employee Tax Expert
Aug 30, 2023 4:38:13 PM

Hi, @joshr_2-4-20 ! I have to agree with @Anonymous_ on this one. Since this is a very specific question to your situation, I think it would be best to connect one-on-one with one of our Tax Experts via phone or chat for personalized assistance. Hope this helps!