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rhmarw
Returning Member

K-1 Income in wrong column

Turbo Tax is putting my spouse's K-1 Income in my column on our Missouri Tax Return.  How do we correct that?

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4 Replies

K-1 Income in wrong column

the default for K-1s is taxpayer. change it to spouse (k-1 part II)

 

rhmarw
Returning Member

K-1 Income in wrong column

Thanks for the reply. 

I need to clarify my question.

The K-1 amount is in the spouse column on Form MO-1040  Adjusted Gross Income Worksheet. 

It is in the Taxpayer Column on MO_CR Credit for taxes paid to other states.  On that form it is not able to be changed.  I can enter it under spouse but can not remove it from taxpayer.

JamesG1
Expert Alumni

K-1 Income in wrong column

You need to correct the K-1 on the Federal tax return.  Then it will flow correctly to the state tax return.

 

At Federal / Wages & Income / S-corps, Partnerships and Trusts / Schedule K-1, click Edit/Add.

 

At the screen K-1 Summary, click Edit.

 

At the screen Is This Information Correct?, click No.

 

At the screen Enter Identification Information, you you are allowed to designate which spouse owns the K-1.

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rhmarw
Returning Member

K-1 Income in wrong column

Thanks for the response.  The info in the Federal Income Section is correct.  It is also correct on one of the Missouri Forms.

 

The K-1 amount is correctly in the spouse column on Form MO-1040 Adjusted Gross Income Worksheet.

It is in the Taxpayer Column on MO_CR Credit for taxes paid to other states. On that form it is not able to be changed. I can enter it under spouse but can not remove it from taxpayer.

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