Division of TaxationSome practitioners and taxpayers have asked about how to report the federal and State differences from federal K-1s and Sexy真人K-1鈥檚 received from lower-tier partnerships on the 2023 Sexy真人-1065.
Please be advised that Lines 13b and 15e on the 2023 Sexy真人-1065 are for reporting 鈥渙ther modifications鈥 that were not accounted for elsewhere that are a State addition or deduction to income, respectively.
The corresponding difference between the lower-tier鈥檚 federal K-1 and Sexy真人K-1 is reported on line 13b if the net Sexy真人K-1 income amounts from the lower-tier partnerships are greater than the lower-tier partnerships鈥 federal K-1s. The corresponding difference between the lower-tier鈥檚 federal K-1 and Sexy真人K-1 is reported on line 15e if the net Sexy真人K-1 income amounts from the lower-tier partnerships are less than the lower-tier partnerships鈥 federal K-1s.