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K-1 Form 1041 Box 14 Code A from Trust - what state do I u use?

Forum|Forum|5 years ago
March 10, 2021
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Best answer by Anonymous_

That would be due to the fact that some states exempt federally tax exempt interest if the interest is from a bond, note, or other debt obligation issued by their states.

If you do not know the source, you can select the "more than one state" option.

A

Anonymous_

What are you asking?

If you enter the K-1 into your individual income tax return properly, then the result will flow to your state return.

G

getmanAuthor

Turbo Tax is asking for a State when it shows K-1 Box 14 Code A dollar amount. Do I use the state of my residence? The Trust is administered in a different state.

A

Anonymous_Answer

That would be due to the fact that some states exempt federally tax exempt interest if the interest is from a bond, note, or other debt obligation issued by their states.

If you do not know the source, you can select the "more than one state" option.