Schedule K-1, Form 1041

[planeart]

I am filing my mother's taxes. She is the beneficiary of the income from a trust located in West Virginia. 

She files her taxes as a GA resident.

In TurboTax, K-1 Trust section,

In line 14 it is Code Z which is  "other".

Under Income Detail it states "select the state and the amount of tax-exempt income interest reported...." 

I have the amount but am unsure whether this should be designated WV (trust location) or GA (her residence).

Any help is appreciated

[tagteam · Accepted solution]

You can most likely select "More Than One State" since the interest is probably from a fund that invests in municipal bonds issued in multiple states.

Check with the trustee (or the party responsible for preparing the trust's income tax return) to be certain.

[JamesG1]

Did the K-1 from the trust administrator provide beneficiary instructions, an attachment or enclosed schedule which provides the state information?

[planeart]

Thanks to you both. The trustee is very busy so I wanted to ask here because I knew I would get a good answer!

Duh, I didn't scroll down to see the "more than one state" option. BTW, I also have a lot of trouble figuring out how to get back to that K-1 form once I've started it. It's probably just me but it's frustrating. I've had to mark it with a flag.

Thank you both!