You'll need to sign in or create an account to connect with an expert.
It depends. As you have seen, some states expect you to file a return for any income and even if you have a loss. Other states have minimum income targets for a nonresident return. But in nearly all cases, states apply a reasonableness standard, in case the cost to file the return exceeds the income (or tax) that would be reported.
Bottom line: It's up to you. If you were allocated significant income from a state, check to see if they offer free e-filing from the state website. But if the income was quite low, you could simply wait to see if the state sends you a tax bill.
It depends. As you have seen, some states expect you to file a return for any income and even if you have a loss. Other states have minimum income targets for a nonresident return. But in nearly all cases, states apply a reasonableness standard, in case the cost to file the return exceeds the income (or tax) that would be reported.
Bottom line: It's up to you. If you were allocated significant income from a state, check to see if they offer free e-filing from the state website. But if the income was quite low, you could simply wait to see if the state sends you a tax bill.
@PatriciaV Thank you so much for your response. Very helpful in wading through the confusion of K-1 treatment. Much appreciated!
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
catherineweinfie
New Member
mlpinvestor
Level 2
MS456
Level 2
phippszone
New Member
hdsaraiya
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.