- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Yes, you would report all your income on your resident State tax return. Income from investments is typically taxed only by your resident state.
As a cash-basis taxpayer, you must report all income in the year it is received. If any portion of the final distribution is for income (rather than a return of capital), you would include it as investment income on the tax return for that year.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎June 5, 2019
11:37 AM