California resident with K-1 for Montana

Forum|Forum|1 year ago
April 7, 2025
2 replies
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Hi,

I've downloaded the Montatna state forms. How do I enter my K-1 information? My K-1 has information for Montana and Oregon.

SharonD007

Enter your K-1 on the Federal section and it will flow to the state return Make sure that you entered that you had income in more than one state in the My Info section.

Review your answers on the Personal profile screen.

Select your name under My Info
Select Revisit
Scroll through the screens to ensure that you have the correct answers for your state of residence
Scroll down to Other State Income and select Edit
Check your answer for Did you make money in any other states? Answer Yes, and indicate that you made money in another state.

After you complete your federal tax return and you move to the State Taxes sections, both your non-resident state and resident state returns will be listed. Prepare your non-resident tax return first. Depending upon the state you live in, you may get a credit on your resident tax return if you paid taxes on you non-resident return.

For additional information, refer to the TurboTax Help articles Do I have to file tax returns in more than one state?, Why would I have to file a nonresident state return? and How do I file a nonresident state return?

To enter your K-1, follow the steps below:

Open TurboTax
Enter K-1 in the Search Bar, and select Jump to k-1 link
On the Schedules K-1 screen, select Yes
Select Yes, on the Did you receive any Schedules K-1? Screen
Select Start next to the type of K-1 that you have and enter the information.

If you are using TurboTax Desktop, review the TurboTax article Where do I enter a Schedule K-1 that I received?

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plawlor78Author

Hi Sharon,

I prepared my resident state of California first. Do I need to do the non-resident state first? If so, how would I go back to fix that?

Also, does the Montana TurboTax state download support K-1s? I am not seeing the form or where to enter my Montana K-1 information.

Thanks,

Pat

plawlor78Author

@SharonD007, could you please answer my question above?

Also, can I have TurboTax use certain passive carryover losses from certain K-1s. Right now, it spreads it out over several K-1s. I'd like to use up the carryover losses from a particular K-1 that I expect to lose money from.

PatriciaV

Employee

If you started your resident return first, go back and remove that state. Then complete your nonresident return before you start your resident return again.

You can delete your state return in TurboTax Online as long as you haven't paid yet.

Note: If your TurboTax navigation looks different from what’s described here, learn more.

Open or continue your return.
Select State Taxes from Tax Home.
On the Status of your state returns screen, select the trashcan icon next to your state, then select Delete.

If you’ve already paid your state fees, you can’t delete your return, but you can start over by selecting Start Over next to your state return on the Status of your state returns screen.

If you're using TurboTax for Desktop, open your return and go to File >> Remove State Return in the TurboTax menu at the top.

The federal Schedule K-1 that you entered will transfer to your state return (both states). Use the Montana K-1 to make adjustments under Partnership K-1 topic for income that Montana handles differently (same for Oregon and California). There is no import function for Schedule K-1.

Be sure to update your passive carryovers when entering the Federal K-1. Passive loss carryovers are applied to the income from that K-1, unless the investment closes. In that case, all passive losses are released to be applied to any other passive income.

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