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oftamimi
New Member

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
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1 Reply
AmyC
Employee Tax Expert

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?

You won't be filing a state business return with NY or TX. Follow these steps:

  1. Enter the k-1 in your personal return.
  2. File part year NY return and indicate that the income was while you were a nonresident and excluded that amount.
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