k-1 out of state

[Zinnia_15]

I have a K-1 from California and live in Oregon.  So when doing the California taxes it asks how much money I made in California...I'm assuming I need to enter the money I earned from properties my family owns in California.

When looking at the 568 it shows:

Line (10a) Total gain under irc section 1231:  9,623 for (b) amounts from federal schedule 1065 and 9,623 from (c) california adjustments.  When adding those together it is 19,246 for (d) total amounts using california law.  So is 9,623 the amount to write in or would it be 19,246?  Or am I completely wrong?

thanks

[ThomasM125]

You would enter the income applicable to California when asked about the income you made in California.

Column (b) on your form 568, schedule K is the total gain as reported on your federal return. The number in column (c) is what is needed to adjust the total gain to the gain applicable to California, which is the amount in column (d).

If you answer the questions in TurboTax correctly, your will see the gain applicable to California in column (d).  

[Mike9241]

you need to complete the CA return (non-resident) before you complete the Or return. this way you should get the proper credit on the Or return for the income taxed by both states.  

[plawlor78]

Are you saying that the order of filling out your state taxes matter? Why doesn't the software figure it out?

[AmyC]

Yes. The program can't calculate a credit for your resident state unless it knows the nonresident states taxable income and liability. If you do not prepare your returns in the correct order, they could be wrong.

@plawlor78 

[plawlor78]

@AmyC, that seems like a bug. Can I force my resident state to recalculate or go back through part of an interview in TurboTax? I already finished inputting my California information. I now need to input information for Montana and Oregon because of a K-1 that I just received.

In general, if I have changes that affect my non-resident state, are you saying that I would need to restart my resident state? That is a big burden.

[AmyC]

No, you should be able to go back through the state return once you finish all the others. Just be sure to verify that they are all getting picked up and you are getting the proper credit. Otherwise, yes, start over. Usually going through it again will pick things up.