turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

gurpguru
Returning Member

Changing the federal data imported to state

My wife is an executor of and estate in another state. There was an IRA distribution with a schedule K-1 sent out. Turbotax is importing all income data into the our home state when the money was from another state. How do I get the K-1 information into the appropriate state so we are paying taxes for each state correctly?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AmyC
Expert Alumni

Changing the federal data imported to state

The state you live in taxes all income worldwide but will give you a credit for tax paid to another state. Prepare your out of state return first. Then prepare your resident state.

 

The credit will be the lower of the state tax liabilities on the same gross income. You may owe your resident state,  if they have a higher tax rate along with differences in how the taxable income is calculated.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question