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Filing State Returns on LLPs

I invested in Real Estate LLPs in 2023.  The properties are located Florida and Texas and I live in California.  I received K-1s from the Developer for many other states, e.g. NY, Missouri, NJ etc.  where neither the property is located nor I am resident of.  Called the developer on why I ma getting these K-1s for other states.  They say some investors live in thee states, so they issue to the investors for all the states where  collectively the investors reside.  They say that the K-1 states that property is located in Florid or Texas as the case may be.  Do I have to file the State returns in these states. The amounts are very low now.  But when the property is sold in few years the amount will be relatively large.   Am I required to file tax returns in these states, as I got the K-1s even if I ma neither a resident of that state nor the property is located in those states

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1 Reply

Filing State Returns on LLPs

No you are not required to file in those other states.

*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.
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