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DW-2022
New Member

Where do I enter California K-1 amounts to Form 541?

 
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Where do I enter California K-1 amounts to Form 541?

I have a copy of TurboTax Business but do not have CA state installed.

 

Some entries for state returns in the program require entry in Forms Mode. This could be the case for a CA trust that receives a K-1.

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6 Replies

Where do I enter California K-1 amounts to Form 541?

Are you using TurboTax Business?

 

If so, have you downloaded the California state program?

DW-2022
New Member

Where do I enter California K-1 amounts to Form 541?

Yes, I am using Turbotax Business and have downloaded California state program.

Where do I enter California K-1 amounts to Form 541?

So, the trust (or estate), itself, received a CA K-1?

 

If so, enter it in the state section.

DW-2022
New Member

Where do I enter California K-1 amounts to Form 541?

Yes, the trust received a California K-1.  Where within the California state program?  I am not seeing where to enter California K-1 information that is different from the Federal K-1.

Where do I enter California K-1 amounts to Form 541?

I have a copy of TurboTax Business but do not have CA state installed.

 

Some entries for state returns in the program require entry in Forms Mode. This could be the case for a CA trust that receives a K-1.

DW-2022
New Member

Where do I enter California K-1 amounts to Form 541?

In California, Schedule E, pg 2?  The trust received multiple K-1s, the California K-1 has multiple line items that need adjustment from the Fed K-1.  on the California Schedule E, pg 2 I don't see where to enter multiple line items.

In California, I see DNI-Sch K-1 but that is the K-1 to be issued to the trust beneficiary not to report information from K-1s received.

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