Hi all,
As part of the K1 I received from a real estate LLC (partnership), I received state specific K1s for Arkansas, Michigan, California, and Utah. Here is the relevant information from each K1. Do I need to file in any of these states?
AR: No income listed (income loss is shown on the federal K1); Unrecaptured Sec 1250 gain listed as $5,113; Distributions show $26,757 (but they don't show on the federal K1);
MI: Shows a "tenative distributive share of taxable income" of about ($1,000,000).
CA: This looks more like the federal K1; shows a loss on net income; under $5 for interest income, nondeductible expense, and investment income
UT: Loss on income: $9 of other interest income; About $400 non-business income net of expenses.
It seems silly to file in all of these states, but I don't know how to find a hard and fast guideline for each state.
Any help is greatly appreciated!
