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Level 2
posted Feb 8, 2020 9:14:32 AM

Received Form 501 as a Non-Resident of Georgia, how do I process within TurboTax?

I was issued a Schedule K-1. The Schedule K-1 accompanies a Form 501 for Georgia. 

 

Within the Form 501 on the NonResident Beneficiary Information Section - I have an amount entered into line 3 "Beneficiary's share of Georgia Subtractions" (positive value) and line 4 "Nonresident beneficiary's share of Georgia income" (negative value) .   I am filing this as a loss.

To the right of line 3 - I see this is where I need to fill in Schedule 1 Line 10 on the 2019 GA 500.

 

However within TurboTax Online, please see below my only options to start for filing. I do not have an option to see/file in the Form 500. Is there something I am missing?

 

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8 Replies
Expert Alumni
Feb 8, 2020 9:32:30 AM

When you are going through any state return in TurboTax, one of the first question you will encounter is related to your residency.  If you need to file a non-resident return for Georgia, just be sure to select that you are a non-resident.  TurboTax will handle it from there to be sure you are filing the right form.  

 

 

Level 2
Feb 8, 2020 9:43:01 AM

Thank you for the reply. I selected non-resident; however, I am not sure what section the Form 501 is under? It is not directing me, as you state, to the correct location to process this specific form. Any further, more specific, advice?

Level 15
Feb 8, 2020 9:53:26 AM


@tcneedhelp wrote:

Thank you for the reply. I selected non-resident; however, I am not sure what section the Form 501 is under? It is not directing me, as you state, to the correct location to process this specific form. Any further, more specific, advice?


If you are a Georgia nonresident then when you enter that you did not live in Georgia in the State program, on the Form 500 Line 4 for your residency status, the program will enter a 3 for nonresident.  Your nonresident tax data is then entered on Schedule 3 and flows back to the Form 500 Georgia Individual Income Tax Return.  This is all handled by the TurboTax program when you are completing the Georgia state program.

Level 2
Feb 8, 2020 10:21:39 AM

Again, thank you for all of the information. I think we are close to solving this issue.

 

For more background info, I was issued a Schedule K-1. The Schedule K-1 accompanies a Form 501 for Georgia. 

 

Within the Form 501 on the NonResident Beneficiary Information Section - I have an amount entered into line 3 "Beneficiary's share of Georgia Subtractions" (positive value) and line 4 "Nonresident beneficiary's share of Georgia income" (negative value) .   I am filing this as a loss.

To the right of line 3 - I see this is where I need to fill in Schedule 1 Line 10 on the 2019 GA 500.

 

However within TurboTax Online, please see below my only options to start for filing. I do not have an option to see/file in the Form 500. Is there something I am missing?

 

Screenshot

Level 15
Feb 8, 2020 11:14:55 AM

So you are completing a Georgia Form 501 Fiduciary Income Tax Return.  

You will need to enter the amount from the 501 on the Georgia Schedule 1 Line 10 using Forms mode with the desktop editions.

To the best of my knowledge this cannot be done with the online editions since there is no direct access to any form or schedules using online.

You may be able to get assistance from TurboTax support, maybe.

See this TurboTax support FAQ on how to contact Support - https://ttlc.intuit.com/questions/3401489

 

Hopefully, you have not paid for the online edition.  You can download the tax data file from the online edition and continue the 2019 federal and state return using the desktop editions, which requires you to purchase before downloading the desktop software.

See this TurboTax support FAQ for switching to the desktop editions - https://ttlc.intuit.com/community/choosing-a-product/help/how-do-i-switch-from-turbotax-online-to-the-turbotax-software/01/26129

Level 2
Feb 8, 2020 11:18:08 AM

THANK YOU VERY MUCH for your help!

I will reach out to the TurboTax Support.

 

It will be very disappointing if this is not available online. Luckily I have not paid yet!

 

Your help has been very much appreciated.

Level 2
Feb 8, 2020 3:20:19 PM

To follow up, I got in contact with TurboTax Support who could not locate anything referring to Form 501 for TurboTax Online.

Instead of offering any additional help, they forwarded me to an automated line requesting me to pay $99 for help from a live CPA.

I hung up.

I want to make sure TurboTax can support my Form prior to paying their CPA.

 

Oh well, looks like I will be contacting a local CPA for help.

 

Thanks for everyone's help on this community forum. It was very much appreciated.

Expert Alumni
Feb 8, 2020 7:57:33 PM

Form 501 is a Fiduciary Income Tax return. 

Was this form filled out? 

Did you just get a copy with the K-1 for your files? If so, you enter the K-1 only. 

If you are not the Fiduciary, you would not need to file this.