TurboTax Business 2022: Maryland Form 504 K-1 Worksheet Distribution Factor

Mikey_D · Feb 17, 2023 12:10:19 PM

Hello, This Maryland return is for a complex trust whose federal return on form 1041 has already been accepted. The State return error check says "K-1 Worksheet: Distr. Income Factor The amounts are too large or small! Some of the computed results are incorrect." The note above part 1 asks for the ratio of total federal distributions divided by federal Distributable Net Income. I used 1.0 as the factor since all amounts are distributed. Any suggestions would be appreciated. Regards,Mike D.

Hello,

This Maryland return is for a complex trust whose federal return on form 1041 has already been accepted. The State return error check says "K-1 Worksheet: Distr. Income Factor The amounts are too large or small! Some of the computed results are incorrect."

The note above part 1 asks for the ratio of total federal distributions divided by federal Distributable Net Income. I used 1.0 as the factor since all amounts are distributed. Any suggestions would be appreciated.

Regards,

Mike D.