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Level 2
August 31, 2021
Question

How do I report Oklahoma Royalties from K-1 on Form 514 Line 4f?

  • August 31, 2021
  • 1 reply
  • 11 views
Client is a partnership that received Schedule K-1 from a sub-partnership.  The K-1 reported royalty income to the client.  I allocated the royalty to OK.  But Lacerte does not report the OK royalty on OK Form 514, Part 3, Line 4f.
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1 reply

PhoebeRoberts
Intuit Community Champion
August 31, 2021

Enter the Oklahoma portion in the "state if different" column.

Level 2
September 3, 2021

Thank you for your post Phoebe Roberts.  I did enter the Oklahoma portion in the boxes "state if different".  But Lacerte disregarded them.   Any idea what to do to make Lacerte carry the state portion to Oklahoma?