Do I need to input state specific Schedule K-1 forms into my return?

[CG3]

I am a member (and domestic partner) of a Texas based LLC and have received a Schedule K-1. In addition to the federal K-1, I have received a state specific K-1 for each state our company did business in. These states include: CA, IL, MN, NY, OH and PA. The federal K-1 was very simple to input into my TurboTax but I can't figure out how to input them for the individual states (or if I need to). In case it applies, we are showing an overall loss and in each state. 

[MichaelL1 · Accepted solution]

The state specific ones would be input on the Non-resident state return if one was required to be filed.  with losses on each of the K-1's there should be no State return due for those non-resident states.  If any have income then check that specific state website.

For example MN:  No return is required to be filed. 

Part-year residents and nonresidents must file a Minnesota income tax return if their Minnesota gross income meets or exceeds the filing requirement ($10,350 for 2016).

Source:  http://www.revenue.state.mn.us/individuals/individ_income/Pages/Calculating_Minnesota_Gross_Income.a...

CA no return is required to be filed.

Nonresidents and Part-Year Residents – File a California tax return if you have any income from California sources and your gross income (which consists of all income you received from all sources in the form of money, goods, property, and services, that is not exempt from tax) or adjusted gross income (which consists of your federal adjusted gross income from all sources, reduced or increased by all California income adjustments) is more than the amounts shown on the chart below for your filing status, age, and number of dependents.  $13K is the Min. 

Source:  https://www.ftb.ca.gov/forms/2015/15_1031.pdf

[faugust]

I am imputing a federal K-1 form 1065, however there are multiple states K-1's attached.  My client lives in Florida, and my question is do I have to file a non resident state return for each individual state to report each state K-1 income.    

[Critter]

The answer above has your answer ... and Turbotax is not for use by paid tax preparers.

[divinejewel]

I have a 1120S K1 from NY but I am a CA resident.  Do i file a NY non resident return?

[DaveF1006]

Yes, according to this link from New York state:

A New York S corporation in which you are a shareholder, including:

• any gain recognized on the receipt of payments from an installment obligation for federal income tax purposes where the S corporation has distributed an installment obligation under IRC section 453(h)(1)(A) to the shareholders;
• any gain recognized on the deemed asset sale for federal income tax purposes where the S corporation has made an election under IRC section 338(h)(10); and
• any income or gain recognized on the receipt of payments from an installment sale contract entered into when the S corporation was subject to tax in New York in a case where the S corporation terminates its taxable status in New York (see TSB-M-10(10)I, Amendments to the Treatment of Certain S Corporation Income by Nonresident Taxpayers).

[ma59]

I have an investment in a real-estate LLC for which I have received K-1s that includes a Colorado loss for 2018 and a Colorado gain for 2019. I did not file in CO last year (2018). When I enter my "rental income" for my 2019 CO return, should I put the net of the two years? Or is there some other way for me to carry-forward my 2018 CO loss to my 2019 CO taxes? Thanks