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massakm
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Missouri K1 subtractions and Addition" sections. Is this common to have a value here or not and where do I look for this information?

I have a schedule K1 from an S Corp. I am in the state filing section and there are two sections that ask for the "positive additions" and "negative adjustment" amounts. I do not know where to locate this on the K1. Can you guide me please?

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1 Reply

Missouri K1 subtractions and Addition" sections. Is this common to have a value here or not and where do I look for this information?

Sometimes a K-1 is adjusted for the state.

If your K-1 came with a MO sheet (separate from Federal) then you would enter the additions and subtractions there.  It's nothing YOU need to figure out; it'll be reported to you.

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