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517257517191
New Member

Will i be able to obtain an ID K-1 form in my State of Idaho Tax Return

I am filing an Idaho State return - I completed the K-1 form for my federal return, now need to complete an ID K-1 form. is that available in Turbo Tax? or where does this information go on my State Return Form 40?

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Accepted Solutions
Cindy0H
New Member

Will i be able to obtain an ID K-1 form in my State of Idaho Tax Return

The form ID K-1 should have been provided to you from the entity. It is not a form from TurboTax. It is not entered into the federal or state return but it will help you answer questions about it for Idaho.

The information you already entered with the K1 will flow to the Idaho return.

When you go through the Idaho interview, you will encounter several questions about the partnership, corporation, or other entity. This will help you answer those questions.

Form ID K-1 is used to provide the partner, shareholder, or beneficiary of a pass-through entity with information required to complete the pass-through owner's Idaho income tax return.

The state form isn't a substitute for the federal Form K-1. Instead, it relates to Idaho law and identifies Idaho adjustments, allocation and apportionment amounts, credits, and recapture amounts. Full instructions are included with the form on this website.

The website with instructions after the form:

https://tax.idaho.gov/forms/EFO00201_08-07-2018.pdf

View solution in original post

2 Replies
Cindy0H
New Member

Will i be able to obtain an ID K-1 form in my State of Idaho Tax Return

The form ID K-1 should have been provided to you from the entity. It is not a form from TurboTax. It is not entered into the federal or state return but it will help you answer questions about it for Idaho.

The information you already entered with the K1 will flow to the Idaho return.

When you go through the Idaho interview, you will encounter several questions about the partnership, corporation, or other entity. This will help you answer those questions.

Form ID K-1 is used to provide the partner, shareholder, or beneficiary of a pass-through entity with information required to complete the pass-through owner's Idaho income tax return.

The state form isn't a substitute for the federal Form K-1. Instead, it relates to Idaho law and identifies Idaho adjustments, allocation and apportionment amounts, credits, and recapture amounts. Full instructions are included with the form on this website.

The website with instructions after the form:

https://tax.idaho.gov/forms/EFO00201_08-07-2018.pdf

View solution in original post

517257517191
New Member

Will i be able to obtain an ID K-1 form in my State of Idaho Tax Return

I did receive the completed ID K-1 form from the entity. Where does this info go on my state taxes? Is it a capital gain? The questions asked when going through turbo tax are not clear
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