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Level 2
February 10, 2022
Question

K-1 Income in wrong column

  • February 10, 2022
  • 4 replies
  • 18 views

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

    4 replies

    Mike9241
    Level 15
    Level 15
    February 10, 2022

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

     

    Mike9241
    rhmarwAuthor
    Level 2
    February 10, 2022

    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.

    Level 15
    February 13, 2022

    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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