303BOB
Level 2
‎10-06-2021 05:27 PM

Client received a K-1 from S-Corp in Montana and I need to put info in for this state which they are a non-resident. 

If there is any other useful info or heads up regarding this type of K-1 I would appreciate it.  This K-1 has data in box 17 with Code K and V along with AC and $455,000.

Thanks for advice and help!

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Just-Lisa-Now-
Level 15
Level 15
‎10-06-2021 05:39 PM

You enter the federal K-1 into the K-1 worksheet on the 1040, and it doesnt have a corresponding MT K-1 when you switch over to the state return?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
303BOB
Level 2
‎10-06-2021 06:00 PM

No it doesn't...that's why I'm struggling with this.  

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Just-Lisa-Now-
Level 15
Level 15
‎10-06-2021 06:24 PM
Can you make the MT adjustment needed on the MT NR Worksheet that you access from the bottom of the Fed Info Worksheet?




♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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303BOB
Level 2
‎10-08-2021 10:15 AM

I was able to get everything figured out...Thanks for your help.