Skip to main content
Level 10
April 21, 2022
Solved

Georgia Partnership K-1 is a mystery to report on 1040

  • April 21, 2022
  • 1 reply
  • 10 views

Is there a Georgia preparer here that knows the answer?

See the image shown below.  This K-1s not from a PTP. The partnership is a trader in financial products and investments.

Why is the income not categorized?   

The TP has 15k of Georgia income (.1275 X 114K) is my interpretation.

The Federal K-1 has only Capital Gains, so I guess this 15K is capital gain income.

I suppose I could ask the firm that prepared this.

 

This topic has been closed for replies.
Best answer by PhoebeRoberts

Looks to me like that K-1 equivalent is reporting no GA-source income for this particular partner. (First line is blank.)

1 reply

PhoebeRoberts
Intuit Community Champion
April 25, 2022

Looks to me like that K-1 equivalent is reporting no GA-source income for this particular partner. (First line is blank.)