I am a limited partner in a few LLCs that own commercial properties in a few states where I am not a resident. I have received non-resident K-1s for these other states. Do I need to file non-resident state tax returns using the information on these K-1s?
Can you only offset passive losses against passive gains for properties in the same state on a non-resident state return?
If non-resident returns do need to be filed, what would you recommend if someone hasn't filed them in the past? There have been mostly passive losses from the properties so far.
Thanks
