Schedule K-1 (Form 1041) Minnesota Return

Does the amount reported on Schedule K-1 (Form 1041) Box 11, Code A (which is treated as a deduction to arrive at adjusted gross income on Schedule 1, line 22) require any special treatment on the Minnesota Income tax return?

1628

Level 15

Mar 3, 2021 2:53:11 PM

Probably not since it is an adjustment to income, but have you checked the MN DOR web site?

https://www.revenue.state.mn.us/individual-income-tax

Level 1

Mar 13, 2021 5:59:51 AM

Yes it does and TurboTax recently updated the treatment of this item for Minnesota.

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Schedule K-1 (Form 1041) Minnesota Return