It is a good idea to compare the state and the federal k-1s from each company to see what is the difference in them. Here is the reason why:
If you enter the K-1s in the federal interview, the income from those K-1s will automatically transfer to your state returns - in the appropriate income categories (e.g. Ordinary business income, Rental Real Estate Income, Dividends, Interest, etc.).
Unless you got state K-1s (usually when state tax law does not conform to federal tax law), you won't see separate K-1 entries in the state tax interviews.
A company gave me a K-1. I entered that into the Federal interview. The income from this company was earned in 2 different states, so they gave me 2 state K-1s reflecting the income earned in each state. Therefore, I need the Federal K-1 to be Federal only on the tax return, and the 2 state K-1s to be reported on the state returns.
So, if you know that the state k-1 is the same as the federal k-1, all you have to be sure of is that the federal k-1 was entered correctly into the federal return so it will carry correctly in the state return.
If there are differences in the federal and state k-1s, you must see what the difference is so that you can determine if it is necessary to make changes to the state return to reflect the differences. Sometimes, depending on what the difference is, the state return will have an "adjustment" question or section in the state return to enter the differences.
You will generally find a difference in the state and federal k-1s when the state doesn't comply with certain federal tax provisions, so there may have to be an adjustment.
In your situation, you may need to create two nonresident state returns to cover the income reported on the state k-1s received from the company.
For additional information, refer to the following link:
How to enter separate state k-1s into your return
