2369923
I am amending my 2020 Oklahoma 513NR to remove interest income from the Oklahoma column on line 1. When I do that, TurboTax also changes the amounts on line 5 of the beneficiary 513NR-K-1's. Can anyone explain why? Or should I simply override line 5 on the K-1's to match the original filing since I am only changing interest on line 1?
You'll need to sign in or create an account to connect with an expert.
Ok ... so you are amending the 1041 by reducing the income correct ? If so that should also adjust the K-1 automatically... this is correct.
Thank you for your reply. I am only amending an Oklahoma return not the 1041. When I change line 1 on the Oklahoma 513NR it correctly changes line 1 on my beneficiaries Oklahoma K-1's. However, TurboTax Business is also changing numbers on line 5 of the Oklahoma K-1's. Why would this be and is it correct?
Changes made affect both returns ... income changes are made in the federal section and are passed to the state and this is normal. Don't know why you think it would only change the state alone.
Clearly I didn't communicate my question correctly or you don't understand Oklahoma non-resident fiduciary returns. I am currently waiting for a response from the Oklahoma Tax Commission. Thank you for your time.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
dc20222023
Level 3
user17548411845
New Member
VAer
Level 4
stays
New Member
RamGoTax
New Member