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April 12, 2023
Question

Maryland Schedule K-1 (504)? Where do I enter this?

  • April 12, 2023
  • 1 reply
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Where do you enter in a Maryland Form 504 - Schedule K-1? I have an entry on line 4. I also received a Federal Form 1041 - Schedule K-1 and that was straight forward in TurboTax (Home & Business). However, I see no Form 504 Schedule K-1.

1 reply

PatriciaV
Employee
April 12, 2023

Any adjustments required for your State K-1 are made during the State interview, typically in a section for items that are taxed differently by the State. Be sure you have entered Schedule K-1 in the Federal Tax section first.

 

Go to the State taxes topic and start the interview. Look for questions like "Schedule K-1 adjustments that increase income" and "Schedule K-1 adjustments that decrease income." 

 

Although the information you entered for the Federal K-1 is carried over to the State return, the adjustments you need to make should be provided on the State K-1.

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