turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Eg12
Level 2

Schedule K-1 income for North Carolina state return

I have a schedule NC K-1 from a partnership that I’m trying to include in my North Carolina nonresident state tax return.

i’m filing a return because there is a net loss which I want to carry forward.

Trouble finding the right places for the additions and subtractions I’m not ending up with a net loss in the tax summary either.

 

 

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Eg12
Level 2

Schedule K-1 income for North Carolina state return

OK called sponsor and found that those two go into bonus depreciation.

 

i’m still concerned that the total  tax shows no loss.

 

In future years, how will these losses be accounted for in TurboTax?

View solution in original post

2 Replies
Eg12
Level 2

Schedule K-1 income for North Carolina state return

I don’t see how to include an image

 

values on lines 1,2,3 and six.

All partners addition and subtraction and NC Net loss.

 

for addition to income, program wants me to link to a  work sheet , but then none of the options seem applicable.

 

similarly for reductions to income, the list of options is not appropriate.

Eg12
Level 2

Schedule K-1 income for North Carolina state return

OK called sponsor and found that those two go into bonus depreciation.

 

i’m still concerned that the total  tax shows no loss.

 

In future years, how will these losses be accounted for in TurboTax?

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies