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raycpa
New Member

Enter CA adjustments from K-1(565) into a trust return

Looking at the threads, basically TurboTax cannot do this.  Pretty common occurrence.  I've got 11 K-1's from different partnerships which own rental real estate - all have CA adjustments:

#1 - depreciation is different in CA, so the net rent income is different

#2 - some excess funds have been invested in Treasuries, so the interest pass-thru is different between Fed v CA

 

Basic stuff TurboTax can't handle

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