Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
C
cornyb4
April 22, 2024
Question

MO K-1 Deductions for Other States

  • April 22, 2024
  • 1 reply
  • 0 views

If one receives a K-1 from the state of MN and I declare that on a MN state return, can I deduct that income on the MO return?

    1 reply

    CatinaT1
    CatinaT1
    April 25, 2024

    Do you have a K-1 from both Missouri and Minnesota? You would have Missouri Source income from a Missouri K-1 and Minnesota Source income from a Minnesota K-1.

     

    When you go through your state section of TurboTax you will be asked how much income is attributed to each state, so no, you would not deduct it, you would just allocate where the income is from.

     

    Be sure to complete your non-resident return before your resident return.

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

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification