Yes, you must file a West Virginia (WV) tax return.
1. & 2. If we sold the rights to a West Virginia company, and there isn't any gain (bought and sold at FMV) do I need to file a West Virginia State Tax form, OR since I live in Texas (Since 2010) I do not need to file anything with West Virginia?
- Yes, you must file the WV tax return to show you did have a cost basis which proves you have no tax liability for WV. This is the same answer to your second question. The only facts they have is the income until your return is filed.
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