A few comments:
- Who prepared the S corporation return?
- The S corporation may have nexus with other states that require filing in those states.
- Did you receive any other state K-1's from the S corporation?
- If the S corporation does have nexus in other states, then there may be nonresident withholding requirements, composite return options, etc.
- Depending on the response to bullet number 3, this will also dictate where you as a shareholder may have other state filing requirements.
- There are a number of other issues that could be involved.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
