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Schedule K-70 for Kansas

There are two things - I entered a contribution to Learning Quest a sponsored 529 for 10,000 it did not change my tax refund at all.  I need to be able to file a schedule K-70 for a contribution to renewanation for $4000 which has a 75% refund on Kansas tax - there is no way to do that.

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Schedule K-70 for Kansas

what does it mean when you fill a field and it is red

JamesG1
Employee Tax Expert

Schedule K-70 for Kansas

In TurboTax Desktop, a field in red means the data has either been overridden or is invalid (for example, a nonexistent ZIP code).  See this TurboTax Help.

 

In TurboTax, Kansas Low Income Student Scholarship Credit may be found in the Kansas state income tax return at the screen Other Credits and Credit Carryovers.

 

Kansas Schedule K-70 may be found here.

 

IMPORTANT: Taxpayers claiming this credit (except those claiming an assigned credit) must make a modification on Schedule S, Part A, of the Kansas return for the amount of any charitable contribution claimed on the federal return and used as the basis for the Low Income Student Scholarship Credit.

 

IMPORTANT: A separate K-70 schedule is required for each credit claimed, including a separate schedule for credits carried forward from the prior year. A separate worksheet must be completed for each certificate number. The Low Income Student Scholarship Credit provides a tax credit equal to 75% of the amount contributed to a Scholarship Granting Organization (SGO) for the purpose of offering educational scholarships to eligible students to pay all or a portion of the tuition to attend a qualified school. For more information, see Schedule K-70.

 

 

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