2021 IN Schedule IN K-1

[ESS_Sally]

Entering document into IN state return.

Section 4 of the form #5 Addback/Deduction my K-1 shows Covid-related employee retention code 634 -- no such code is allowed for entry and won't allow an override.

[JamesG1]

COVID-related expenses code 634 can be added to Indiana Schedule 2 Deductions.  Follow these steps:

• At the screen Your 20221 Indiana taxes are ready for us to check, click Edit to the right of Income and deductions.
• Scroll down to Miscellaneous / COVID-related Disallowed Expense Deduction.  Click Start / Revisit.

[ESS_Sally]

thanks very much

[RAiken]

I followed these directions but it will not let me enter either the 634 code nor a negative amount.   What should I do?

[JamesG1]

Are you able to enter the value at the screen COVID-related Employee Retention Credit Disallowed Expenses Deduction as a positive amount?

If so, the entry will be found on 

• Schedule 2:  Deductions on line 11 code 634, and 
• Indiana IT-40 line 4.

@RAiken