I'm having trouble finding where to input the information on a VK-1 for a pass-through entity. I have amounts on lines 1 & 2 - taxable income and total deductions, as well as lines 6 & 7 - apportionable income and VA percentage. Also line 10 - Net income tax used as a deduction in determining taxable income. I figured out how to post the refundable credit for pass-through entity elective tax payment credit.
TurboTax continues to make it SO difficult to input state K-1 information! It's like playing hide-and-seek. Any help would be appreciated.
You can review and edit the information carried over from the federal Schedule K-1 in the State Taxes interview for a non-resident Virginia return.
Look for the page "Your Virginia K-1 Summary" and click Edit beside the investment you need to work on. Verify and/or edit the information from Schedule VK-1 on the pages that follow, including the taxable income distributed to you. The PTET paid on your behalf is found under "Here's the income that Virginia handles differently" as a Tax Add-Back.