Skip to main content
Employee
September 29, 2024
Question

Massachusetts Schedule SK-1 not in TurboTax

  • September 29, 2024
  • 1 reply
  • 0 views

Hi,

 

Do I need to file Massachusetts Schedule SK-1 separately and outside of TurboTax?  I can't seem to find SK-1 anyway in TT.

I got the K-1 [Form 1120-S] information all entered into TT correctly on the Federal part, MA has all the info from the Fed K-1 already.  Do I still need to file for MA SK-1?

 

Thanks

1 reply

Employee
September 29, 2024

Doesn't appear to be the case:

 

Schedule SK-1 is designed to allow the S corporation to report each shareholder’s distributive share of S corporation income separately. Use the information provided on Schedule SK-1 to complete your appropriate Massachusetts tax return (Form 1, 1-NR/PY or 2). For more detailed instructions on Schedule SK-1, see the Schedule S instructions