PatriciaV,
Thank you so much for your reply. I will keep that in mind for the future. You know what I forgot to ask, which adds more complexity to the situation.
Not sure if you are from the East Coast. Particularly New England. A lot of states are within 4 hours of each other. Rhode Island being a little over an hour away from Massachusetts. Anyway, what if the LLC purchase property in Rhode Island and is getting its income from there. I am aware of needing to get the LLC registered in that state as a foreign company, but back to the original question,
Would a nonresident that gets an a Schedule K-1 (Form 1065) from a business in Massachusetts have to file Massachusetts state taxes, even if the income is completely from another state, which in this case would be Rhode Island?
Am I to assume now I would have to file state taxes in my residential state California, in Massachusetts because the company is there, and Rhode Island if the income is coming from there through tenants?
I’m going to assume I would have to do all 3. I figured what you told me would be true, but now I added the complex part to it. LOL!!!
Thank you again if you can shed some light on that situation.
