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Level 2
posted Apr 4, 2020 4:39:58 PM

Out of state K-1 tax withholding

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

0 4 2619
1 Best answer
Expert Alumni
Apr 5, 2020 7:58:45 AM

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

4 Replies
Expert Alumni
Apr 5, 2020 7:58:45 AM

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

Level 2
Apr 17, 2020 4:41:27 PM

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

Returning Member
Apr 3, 2021 8:00:58 AM

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

Expert Alumni
Apr 5, 2021 3:50:46 PM

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.