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Level 2
posted Mar 12, 2022 4:42:44 PM

2021 IN Schedule IN K-1

Entering document into IN state return.

Section 4 of the form #5 Addback/Deduction my K-1 shows Covid-related employee retention code 634 -- no such code is allowed for entry and won't allow an override.

 

0 4 514
4 Replies
Expert Alumni
Mar 16, 2022 8:59:33 AM

COVID-related expenses code 634 can be added to Indiana Schedule 2 Deductions.  Follow these steps:

  • At the screen Your 20221 Indiana taxes are ready for us to check, click Edit to the right of Income and deductions.
  • Scroll down to Miscellaneous / COVID-related Disallowed Expense Deduction.  Click Start / Revisit.

Level 2
Mar 16, 2022 10:47:15 AM

thanks very much

Level 1
Apr 5, 2022 5:15:41 PM

I followed these directions but it will not let me enter either the 634 code nor a negative amount.   What should I do?

Expert Alumni
Apr 12, 2022 8:50:03 AM

Are you able to enter the value at the screen COVID-related Employee Retention Credit Disallowed Expenses Deduction as a positive amount?

 

If so, the entry will be found on 

 

  • Schedule 2:  Deductions on line 11 code 634, and 
  • Indiana IT-40 line 4.

@RAiken