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dome_1_c
New Member

I have two Kentucky K-1's (form 765 & form 720S) that I can't find where to enter on my non-resident KY return. Where do I enter this information?

 
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1 Reply
DanielV01
Expert Alumni

I have two Kentucky K-1's (form 765 & form 720S) that I can't find where to enter on my non-resident KY return. Where do I enter this information?

You will come to a screen entitled Review Your Kentucky Information.  One of the selections is Adjustments.  You will want to select this option.  Make sure that the K-1 information is reported on the Federal portion of the return, and then in this section you will report the pertinent information from the Kentucky K-1.

The KY K-1 is supplemental.  It reports items that KY handles differently than on the Federal return.  The main item that has adjustments is depreciation.  KY has a much smaller limit for the Section 179 deduction and does not recognize Special Bonus Depreciation.  If either of these were claimed for the Federal return, the adjustments would appear on the KY K-1 which you will report in the KY section of TurboTax I reference above.

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