I have a Schedule K-1 that provides a form for the Federal return and for 3 other non-resident states. However, for one non-resident state form, the totals of Net LT capital gain and other income is about the same as the values listed for the Federal return. So when I combine the taxable income of all three non-resident states, the total is +150% greater than the total taxable income on the Federal form. I realize that my resident state will reduce my state income taxes for taxes paid in other states, but the total of the non-resident states' "incomes" will exceed the Federal income (by+50%) on the same funds! Can someone help me with this "new" math?
