turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

K1 box for tax exempt income doesn't equal list of states and amounts

I have a k1 which has in box 18 (tax-exempt Income and non-deductible expenses for code A - $995. The additional information sheet has a list of tax-exempt amounts by state. Unfortunately when I add up the list it only equals $989 causing an error to be found on the final review. I checked with the company that issued the K1 and it is due to rounding of the amounts listed by each state. 

 

How do I deal with this - just accept the error and file my tax return? or is there a better way to deal with it?

 

Thanks

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

K1 box for tax exempt income doesn't equal list of states and amounts

reduce the T-E interest reported by $6 or increase each state's amount by $1. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies