2001315
How do I report Schedule K-1 wages on a state tax return when the values are not the same? Turbo Tax indicates that my state wages are less than my Federal wages. Do I override the AGI and if so, by how much?
You'll need to sign in or create an account to connect with an expert.
My K-1s also so a distribution of "wages" for all employees, not just the corp. holers W-2 amounts. I don't understand that? Why would the K-1 show ALL of the wages when the shareholder's portion was much less.
Sorry. I cannot help you with your question. I own a partnership with no employees and no W-2s; just Schedule K-1s for my wife and I. Good Luck.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Shawn B1
Returning Member
teganjaz
New Member
bid-rich
Level 1
rgnkoberhere
New Member
kcc3
New Member