Out of state K-1 tax withholding

[clumsden]

I live in Virginia and received a North Carolina K-1. I am considered a non-resident of NC for tax purposed.

On line 7 it showed an amount that was paid to NC for my estimated tax. How do I enter this amount into Turbo Tax so that I can file for a credit. I purchased the NC state tax module but don't see a place to enter it there. When I enter my K-1 in my federal taxes I don't see a place to put the NC taxes paid

thanks

[AnnetteB6 · Accepted solution]

The state estimated tax payments are entered into the Federal return because the payment is considered a possible itemized deduction.

Use the following steps to go to the section of TurboTax to enter the state estimated tax payments that were reported on your K-1:

• On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
• This opens a box where you can type in “estimated tax payments” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
• The search results will give you an option to “Jump to estimated tax payments”
• Click on the blue “Jump to estimated tax payments” link
• Click Start beside State Estimated Taxes for 2019 to enter the information

The amounts entered will be carried to your state tax return and applied toward your taxes.

@clumsden

[clumsden]

I  tried your method and it gets close but not quite. The estimated taxes paid get entered on line 21a "estimated 20196 taxes". However since the taxes paid were from a LLC  partnership, the taxes should be entered on line 21c "Partnership" of the NC tax form. 

How do I get the estimate taxes moved down to the correct line. 

Thanks 

Curt

[gsu13]

I realize this is old, but did you ever figure it out?  I was wondering instead of listing under Estimated Tax Payments / State Estimated Taxes, instead put it under Other Incomes Taxes / Withholding not already entered on a W-2 or 1099.  Our K-1 has Footnotes that discuss both estimates paid AND withholding, but the amounts are the same for the most part.  I haven't checked to see how it flows to the state returns

[MarilynG1]

Yes, if you entered withholding tax paid to another state as 'Other Incomes Taxes / Withholding not already entered on a W-2 or 1099' as you mentioned, this should flow into your state return correctly. 

Click this link for more info on Reporting State Tax on K-1.