2637391
Hi,
We received a PA schedule RK-1 for my husbands Roth IRA. We also received a K-1 for federal filing. Since the dividend was into a Roth IRA it is tax exempt and the Federal portion of TurboTax would not record it even though I entered the information. I am now trying to enter a PA schedule RK-1 and I cannot figure out where to enter it. Since it is again distribution to a Roth IRA I don't know if I need to include it since it should be tax free.
Any help is greatly appreciated,
Ann
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Is your K-1 and RK-1 from an estate or trust tax return (Form 1041)? That shows up on the screen Income from Estates and Trusts.
My K-1 and RK-1 are not from an estate or trust tax return. There was a real estate investment that my husband invested in using his Roth IRA. The real estate interest has been sold and he received a K-1 for federal and a
RK-1 for the state of Pennsylvania. When using Home and Business TurboTax, TurboTax would not record the information as box 12 is checked, If this partner is a retirement plan IRA/SEP/Keogu/etc., . We did not take a distribution, the profits went back into his IRA.
I am now trying to complete my PA tax return and cannot find where to enter the RK-1 since the K-1 was not entered into the federal return since box 12 was checked.
If anyone has information as to where or how to enter the RK-1 for a PA return I would appreciate it.
Thank you,
Ann
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