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kro0904
Returning Member

How to handle 2022 Schedule 3K-1?

Hello,

 

I received a 2022 Schedule 3K-1 for an investment that took place in Massachusetts.  I live in Michigan and always file a Michigan state return.  Do I need to file a Massachusetts state return as well?  Will the Massachusetts state return in TurboTax allow me to enter information from this Schedule 3K-1?

 

Thanks.

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2 Replies
BrittanyS
Expert Alumni

How to handle 2022 Schedule 3K-1?

Yes, According to the Massachusetts Department of Revenue, "If you're a nonresident of Massachusetts, you must file a Massachusetts Income Tax Return if you received Massachusetts source income in excess of your personal exemption multiplied by the ratio of your Massachusetts source income to your total income, or your gross income was more than $8,000 – whether received from sources inside or outside Massachusetts."

 

See the link below for more information:

 

Personal Income Tax for Nonresidents

 

 

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kro0904
Returning Member

How to handle 2022 Schedule 3K-1?

Thanks.

 

Massachusetts requires the Schedule 3K-1, I received, to be filed electronically.  Will I be able to enter this Schedule 3K-1 in the TurboTax for the Massachusetts state return?

 

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