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?
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.