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