turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

North Carolina nonresident - D-400 Schedule PN - Real Estate K-1

Hi all.

 

My NC K-1 has the following numbers:

line 1: -2500

line 2: 1500

 

The Supplemental Schedule has:
line 3: Bonus Depreciation: 1500 (both Column A and Column B)

 

Then looking at Schedule PN Part B generated by TurboTax, I see no K-1 loss in Column A (I would expect this to be on line 11 - Rental Real Estate, Partnerships, etc).

But the Bonus Depreciation does appear on line 17c.

 

And here are my questions:

1) why is line 11 column A zero? I had several federal K-1s, all with losses. TT does not let me edit this value manually either.

2) what do I enter in column B?  If I only enter Bonus Depreciation then TT calculates a tax liability. Can I enter the loss in Column B on line 11 even if Column A is zero? If I do this then there is no tax liability.

 

Thank you!

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies