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How to Calculate My Schedule K-1 Taxable Income for Another State

By Motley Fool StaffUpdated Apr 23, 2025 at 12:54 PM

Key Points

  • Schedule K-1 details income from pass-through entities for tax reporting.
  • Investors must allocate K-1 income by state to meet nonresident tax obligations.
  • Credits may be available for taxes paid to other states on K-1 income.

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