My S corp conducted all business in Texas before my moved to NY. When I submit my Schedule K1 on turbotax how can i specify only to be taxed under Texas state tax?
I want to avoid the S corp's pass through income from getting taxed New York State income/local income tax
011416
1 Replies
AmyC
Expert Alumni
Feb 5, 2025 4:53:52 PM
You won't be filing a state business return with NY or TX. Follow these steps:
Enter the k-1 in your personal return.
File part year NY return and indicate that the income was while you were a nonresident and excluded that amount.