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braab
March 27, 2025
Question

Where do you enter information from a Form 502/Schedule VK-1 with items in lines 1(Income) and 14 (Depreciation)

  • March 27, 2025
  • 1 reply
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    1 reply

    JohnB5677
    JohnB5677
    March 27, 2025

    The Form 502/Schedule VK-1 is a Virginia tax form

     

    This form is issued if there are differences between the Federal K-1 and the Virginia Tax code.

    These differences will arise when the states don't follow the same depreciation rules as the IRS does. 

     

    It would be considered when you post the Virginia State portion of TurboTax

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