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Level 2
March 26, 2021
Question

Oregon K-1

  • March 26, 2021
  • 1 reply
  • 17 views

Where do I enter an Oregon Schedule K-1 in TurboTax Business 2020?

1 reply

DaveF1006
Level 15
March 29, 2021

It depends. What type of Business entity are you? Are you a C-Corp, S-Corp, Partnership, self- proprietor, or multi-member LLC?

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Level 2
April 5, 2021

S-Corp

Level 13
April 5, 2021

Please clarify - have you entered the K-1 in the federal interview and are having trouble entering the Oregon-specific information in the state interview of TurboTax Business?

 

Entering the K-1 in the federal interview should prompt the program to ask for Oregon-specific information in the state interview.

 

At present, it appears that Oregon conforms with the federal tax code, with the recent, major exception of the Qualified Business Income Deduction (Section 199A) - Oregon does not allow this deduction.

 

This is a significant "disconnect", and the state interview will reflect it. See Oregon Income Tax Connection to Federal Law

 

See the following screenshots for aid in navigating to the federal K-1 interview.

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