Skip to main content
March 20, 2025
Solved

Live in Virginia; earned Schedule K-1 business rental income in North Carolina; Do I file a NC return with the K-1 and claim the K-1 on Virginia return?

  • March 20, 2025
  • 1 reply
  • 0 views
I also earned income in Virginia so I will be filing Virginia return
    Best answer by PatriciaV

    Yes, you will need to file a nonresident North Carolina state tax return to report the income from the NC Schedule K-1. TurboTax will transfer the federal Schedule K-1 information to each state return, including North Carolina. Any adjustments needed will come from the NC Schedule K-1.

    1 reply

    PatriciaV
    PatriciaVAnswer
    Employee
    March 20, 2025

    Yes, you will need to file a nonresident North Carolina state tax return to report the income from the NC Schedule K-1. TurboTax will transfer the federal Schedule K-1 information to each state return, including North Carolina. Any adjustments needed will come from the NC Schedule K-1.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"