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Out of state partnership
I am a NJ resident. As a general member of an LLC partnership formed in CT and doing business only in CT, I have been issued a Schedule K-1 (Form 1065) and a Schedule CT K-1 from the partnership. Both the federal and CT state K-1 shows only a loss for 2019.
My questions:
- Since I am a NJ resident, do I have any filing requirement in CT?
- The partnership has not issued a NJK-1 to me but instead, has given me a CT K-1. Do I need to include the CT partnership loss on my NJ State tax return? If yes, how (what line on NJ 1040 or what form)? Any additional filing requirement as a general member of the partnership?
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March 23, 2020
9:28 AM