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posted Oct 9, 2024 7:19:42 PM

Illinois Form 1041 Schedule K-1-T and IRS Form 1041 Schedule K-1 Differences

I used Turbotax Business to file IRS Form 1041 (for Trusts).  The federal Schedule K-1 had amounts reported on lines 7 (Net rental real estate income) and 9A (Directly apportioned deductions, for depreciation).  All of the rental income & expenses are in Illinois.   However, on TT's state filing for Illinois Form K-1-T, there is only an amount that is populating on line 11 (Rental income), but the depreciation is not populating anywhere.    Should TT for Illinois be pulling in the depreciation expense on its Form K-1-T?   If so, then where, and how do I get it in there short of hard-coding the amount on the form itself?  Thank you for reading and thank you for any help you can provide!

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1 Replies
Level 12
Oct 9, 2024 7:39:49 PM

There's a customer service number that you should call because a lot of times forms view has to be used to make the entry on the form itself.