Virginia VK-1 Entries for 2021 Form 502

[RAKHockey33]

I am on an extension for my person filing.  I received a K-1 for my LLC for Virginia VK-1 Form 502.  I could not find information on where or if I need to enter the data on my Virginia Tax return in TurboTax,  Does it already account for it from the Federal portion?  I have a negative Distributive or Pro Rata Income Line 1 and Deductions. and and the same number in Allocation and Apportionment line 6.  Also in Virginia Addtions - Owners Share I have an amount in Line 8 and Line 13.  Do I also need to record the assets we have?

[JBedford]

Thanks for the question, @RAKHockey33 ! I apologize, as I see you asked this some time ago. If you entered your K-1 in the Federal section, then you should be prompted with a question in the State section that says, "Did you receive any Virginia Schedule VK-1's?" You may want to revisit the State section if you did not see that the first time. If you answer "yes" to that question, then you will be prompted for some additional information. As a general rule, reporting assets on your personal return is not required. Hope this helps!