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New Member
posted Apr 3, 2021 7:24:00 AM

We have a PA RK-1 for our business. If I mark that I have PA RK-1, it double counts the income, but if I leave it as a K-1 I need to file my return as paper. Any ideas?

The last two years I checked the box and ended up amending our returns when I realized turbotax was double counting.  Paper filing isn't the end of the world, but turbotax tax really should fix this problem.

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2 Replies
Expert Alumni
Apr 5, 2021 4:00:41 PM

I'm not seeing any change on the Pennsylvania income tax return in either the amount due or income when I enter a PA amount in the RK-1 section.

 

If you PA amount is different, TurboTax will use the PA amount instead of federal. If they are the same you can just check the box that you are using RK-1 and leave the PA column blank.

 

The only other thing I can think of is that you have more than one KRK-1 and you are adding taxpayer amounts to the spouse column or vice versa.

New Member
Apr 7, 2023 2:22:32 PM

I've had this same problem several years running.  Turbotax populates the PA Schedule E worksheet with Federal K-1 data, and then double counts the income when the PA RK-1 data is entered.  I have to delete the PA RK-1 data and file by mail as a result.