Yardley CPA Posted March 25, 2018 Report Share Posted March 25, 2018 Client has K1 from an Irrevocable Trust. I input the information on the Federal K-1 input screen and it flows just fine on the Federal return. It's just a few dividends and capital gains. It is not flowing to New Jersey. Is that due to the fact that they are not taxable in NJ or do I need to add a form to the NJ return? Appreciate any thoughts. Quote Link to comment Share on other sites More sharing options...
Roberts Posted March 26, 2018 Report Share Posted March 26, 2018 Is the client from NJ or is the trust from NJ? Is it flowing to a different state and you want it in NJ instead? My software has a state identifier for K-1 income (all income really). Did you identify the source when entering the K-1? 1 Quote Link to comment Share on other sites More sharing options...
Yardley CPA Posted March 26, 2018 Author Report Share Posted March 26, 2018 Client is from New Jersey and it's a New Jersey Trust. The information input on the K1 shows it as a NJ Trust. The dividends and Capital Gains are not flowing from the Federal Return to the NJ Return. There are no other states on the return. The K1 is marked as a 1041, K1. Not sure how to get the information to flow. Quote Link to comment Share on other sites More sharing options...
Lynn EA USTCP in Louisiana Posted March 26, 2018 Report Share Posted March 26, 2018 NY Has a NY k-1 entry form. Does NJ too ?? 1 Quote Link to comment Share on other sites More sharing options...
Lion EA Posted March 26, 2018 Report Share Posted March 26, 2018 Different software, but mine has columns alongside the federal where I can allocate to states or simply check the 100% box for NJ. Quote Link to comment Share on other sites More sharing options...
Yardley CPA Posted March 26, 2018 Author Report Share Posted March 26, 2018 Thank you all who chimed in. There is a NJ K1 input sheet. Thank you again. Quote Link to comment Share on other sites More sharing options...
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