How to generate the State K-1 Reconciliation Worksheets for Individual returns?
The State K-1 Reconciliation Worksheet will show K-1 activity broken down by state and is generated with the federal return. Perform the following steps to generate the state K-1 reconciliation worksheet.
- Select the Settings menu at the top of the program screen.
- Select Options.
- On Tax Return tab, select Federal Tax Options in the Section box on the left side of the Options screen.
- Change the setting for State K-1 Reconciliation to When applicable.
- Select OK to save changes.
Note: if there are no differences between the State and Federal amounts, the state K-1 Reconciliation worksheet will not be generated.