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Level 2
October 6, 2021
Question

Where do I input Montana K-1 from S Corp

  • October 6, 2021
  • 1 reply
  • 12 views

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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1 reply

Just-Lisa-Now-
Intuit Community Champion
October 6, 2021

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♥¸¸.•*¨*•♫♪
303BOBAuthor
Level 2
October 6, 2021

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

Just-Lisa-Now-
Intuit Community Champion
October 6, 2021
Can you make the MT adjustment needed on the MT NR Worksheet that you access from the bottom of the Fed Info Worksheet?



♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪