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- How do I report Oklahoma Royalties from K-1 on Form 514 Line 4f?
How do I report Oklahoma Royalties from K-1 on Form 514 Line 4f?
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steve@dejenetax
Level 1
08-31-2021
12:45 PM
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Client is a partnership that received Schedule K-1 from a sub-partnership. The K-1 reported royalty income to the client. I allocated the royalty to OK. But Lacerte does not report the OK royalty on OK Form 514, Part 3, Line 4f.
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PhoebeRoberts
Level 11
08-31-2021
02:01 PM
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Enter the Oklahoma portion in the "state if different" column.
steve@dejenetax
Level 1
09-03-2021
12:18 PM
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Thank you for your post Phoebe Roberts. I did enter the Oklahoma portion in the boxes "state if different". But Lacerte disregarded them. Any idea what to do to make Lacerte carry the state portion to Oklahoma?
