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Level 1
Mar 30, 2022 2:35 PM UTC
Question

Schedule K1 (Form 1040)

Received Schedule K-1 (Form 1040) from a Virginia Estate. I am living in Florida. Do I have to file a Nonresident Beneficiary Form 770 for Viriginia?

    3 replies

    Level 15
    Mar 30, 2022 2:59 PM UTC

    You should contact the executor of the estate (or whomever was responsible for preparing the return).

     

    You should receive a tax reporting statement for Virginia (a federal K-1 equivalent) if applicable.

    Alumni - Intuit
    Mar 30, 2022 3:11 PM UTC

    No, you don't have to file Form 770, that is the responsibility of the estate. You do need to include the K1 on your tax return and depending on the amount of Virginia income, you may need to file a Virginia non-resident tax return.

     

    Check the chart below to se if you have to file a Virginia tax return.

     

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    Level 15
    Mar 30, 2022 3:26 PM UTC