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March 15, 2024
Question

Virginia Form 770

  • March 15, 2024
  • 1 reply
  • 0 views

Where to you enter data from Virginia Form 770 Schedule 5 Beneficiary's information (Federal Schedule K-1 Equivalent?

    1 reply

    DawnC
    Employee
    March 15, 2024

    Enter it in the federal section under K-1 (1041).   Where do I enter a k-1?     That link has instructions depending on your platform.  

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    no-name1Author
    March 16, 2024

    I already entered the K-1 in Federal section.  Form 770 has different &  more information than the K-1.  I've tried VK-1 worksheet in Virginia section. There's no place to enter the items below.  I searched for a Form 770 in Forms section for Virginia - but nothing came up.

     

    Section 1 - ( I have amounts in a, b & c)

    a. Federal Taxable Income

    b. Beneficiary's Federal Distribution Percentage

    c. Estate or Trust Federal Distribution Percentage

     

    (Sections 2&3 I know where to enter - in Additions or Subtractions in Virginia return.)

    no-name1Author
    March 21, 2024

    Can anyone answer this question?