Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Mar 8, 2023 8:08:33 PM

For the K-1 for NC, Part 4, Lines 6 & 7, where do I get these numbers? They are for Additions to and Deductions from Income? I need for worksheet.

These numbers are generated on the K-1, but I cannot fathom where they came from.  I need to specify what type of expense.

0 3 314
3 Replies
Expert Alumni
Mar 9, 2023 8:48:50 AM

I do not see a Part 4 on the D-403 NC K-1 2022 Partners Share of North Carolina Income, Adjustments, and Credits here.

 

 

Are you referring to the Partner's  Shares of Income, Adjustments, Tax Credits, and Other Items here?

 

 

 

If you are referring to the entries above, these entries come from North Carolina form NC K-1 line 2 and line 3.  See here.

 

 

 

 

These entries appear to report the partner's share of income.

 

@WizerNow 

 

 

Level 1
Mar 9, 2023 9:58:19 AM

I do know where they are on the K-1, but cannot figure out where they originally came from.  I look at all my income and expenses and cannot determine their origin.  Nothing seems to add up (or subtract from) to get these numbers.

 

The reason I need to know the origin is because the Worksheet needs to be completed and these numbers to be placed on a specific expense line.  I'm stuck.

Level 1
Mar 13, 2023 6:34:24 AM

Funny.  With a daily update of TurboTax, this worksheet magically disappeared.  Like magic....