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March 6, 2024
Question

I have a Kentucky K-1 that reflects Kentucky Income taxes paid the entity and a Kentucky Ethanol tax credit. How do I reflect these two items in my TurboTax return?

  • March 6, 2024
  • 1 reply
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Correction:  should have said “Kentucky income taxes paid by the entity”.

1 reply

March 16, 2024

These payments can be included in your return under estimated and other payments.  To do this in TurboTax:

 

  1. Open or continue your return.
  2. Go to the Federal section
  3. Then Deductions & Credits.
    • You can also search for estimated tax payments and select the Jump to in the search results.
  4. Select Estimates and Other Taxes Paid.
  5. Select Start or Revisit next to Estimated Tax Payments.
  6. Choose Start or Revisit next to the State estimated taxes
  7. Enter the amount of tax you paid as an additional payment.

See the images below for your reference: