K-1 form 1041 Box 11B

On the K-1 form 1041 Box 11B in TurboTax, it says to enter the amount manually on this form and the appropriate tax form or schedule. The amount in this box is State and Local Taxes. Which line on the tax payments form would it go? Line 7, credited by estates and trusts?

Also on this form, there is a difference between the federal and state allowable excess deductions. Most of the difference is the State and Local Taxes mentioned above. Where on the Oklahoma Return would you put the remaining difference? 511-B or 511-C?

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Level 15

Apr 25, 2021 7:40:33 AM

You should contact the trustee/administrator or individual responsible for preparing the trust or estate's income tax return.

If you are not a resident of Oklahoma and received a K-1, this is probably pass-through withholding in which case you merely need to file an Oklahoma nonresident return in order to get a refund (since the income, gain, etc., would have been passed through to the beneficiaries on the final return).

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K-1 form 1041 Box 11B