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Returning Member
posted Oct 2, 2019 9:48:43 PM

Alabama K1 reporting on Schedule E of 40NR

I have to file 40NR of Alabama. I have an Alabama K1 that reports income on line G and Capital Gain on Line K. In Turbo Tax for reporting K1 income for Alabama State there is only one box "Amount From All Sources". Should I add Line G and Line K and report it in this box ? It seems wrong as Line G is income while line K1 is Capital gain. Both should be treated differently from tax purposes.

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1 Replies
New Member
Jul 5, 2020 10:09:22 AM

How do I enter the figures from an Alabama K-1? The instructions from the Alabama Dept of Revenue say to enter on Scedule B of form 40, however the federal numbers are carried over to the state and there is no way to override.

 

Why does Turbo Tax not have a Alabama K-1 in its menu?