joseyhoop
New Member

Business & farm

I don't believe that the non-resident state income tax is that big of a deal.  I own 10,000 shares of EPD with annual income over $20,000.  I have a negative balance in my capital account, so my K-1 reflects income in 30 or so different states.  The biggest was Louisiana at about $850.  The state tax calculation came out to $14.  The next biggest was New Mexico.  That came out to $6.  The other states were $2 or less.  I ignored all of those.  With EPD, the state taxes are a nonissue.  

If you are that worried about it, go to each states tax website, download the form and start filling it out.  It takes about  minutes per state.  It's not that difficult.