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Level 3
June 3, 2024
Question

How to enter Fed/State K-1 differences on a 1065 return

  • June 3, 2024
  • 1 reply
  • 19 views

How do I enter in the 1065 module K-1 information from an investment partnership that is different for federal and state purposes? I see this question has been asked before, but not answered as far as I can tell, and apparently my only hope on the Proseries help phone number is to keep calling back until I get someone who can answer this question?? Thank you for any assistance.

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1 reply

Accountant-Man
Level 13
June 4, 2024

Does your state have a K-1 that flows from the federal K-1? Are there lines for entries like "State if different?"

PA and NJ both have K-1s to make changes.

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CEPAuthor
Level 3
June 4, 2024

It's a CA return and a CA K1. The K-1 format is to show the federal amount, California adjustments and then the California amount.

Accountant-Man
Level 13
June 4, 2024

There you have it.

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