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Level 3
January 24, 2025
Question

Virginia VK-1 Can it be suppressed

  • January 24, 2025
  • 1 reply
  • 7 views

I read in another forum that VK-1 is required only if there is differences between Federal K-1 and Virginia state share of income (unallowed items by state)

 

But I see that ProConnect automatically generates the VK-1 schedule.  Should it not be doing that and if it should not, where do I go on profile or Input to not trigger the VK-1

Did I misunderstand this and is it that VK-1 will always be generated regardless of differences between Fed and the State

 

thanks

Hari

    This topic has been closed for replies.

    1 reply

    IRonMaN
    Level 15
    January 24, 2025

    Is it generating a blank form or does it have dollar amounts on it?

    Slava Ukraini!
    HariSAuthor
    Level 3
    January 24, 2025

    It does have $$ amounts and is exactly the same in Fed K-1

    In the VK-1 the $ amounts are shown in Line 1  of Pro-Rata Income and Line 6 of Allocation and Apportionment and Owner Information is RES and GPT

    Just got concerned if there are no differences between Fed and State, should VK-1 be triggered at all.

    IRonMaN
    Level 15
    January 24, 2025

    I'm not familiar with the form, so someone else will have to step in to see if they can point you in the right direction.

    Slava Ukraini!