I receive an Idaho K1 for an S corp. in which I hold a 12.5% share. It's for what remains of an old ranch. In years past the ranch handled the state reporting in Idaho for the 8 shareholders, and each sharerholder reported the K1 data on their individual 1040's. In 2019 that has changed. A parcel of land was sold resulting in a long term section 1231 capital gain of about $70k (my share). This, along with a negative $2.5k in ordinary income (rental) income. Per the instructions from the accounting firm, I filed a nonresident Idaho return, listing only the K1 data since the gain was realized in Idaho , from an Idaho entity and reported on an Idaho K1. I also inputted the information to my federal taxes. My question is , do I have to also report the LTCG on my Hawaii taxes, since its already been reported on the Idaho return (and the federal)?
