I earned revenue/royalties from mineral/oil rights in a state in which I do not live or work. State tax was deducted from my royalties in the "other" state. Do I need to file taxes in that state as well as my resident state? Is there a benchmark earnings amount for filing in a second state?
Yes, you may have to file a tax return for that state, if your income meets the filing threshold. If you respond with the state, I can give you the Nonresident filing requirements.
The state is Oklahoma. Why doesn't TT let me know during the interview process? Knowing the threshold (I assume that means amount of income from that state...) would be helpful.
See this link: <a rel="nofollow" target="_blank" href="https://www.ok.gov/tax/Individuals/Income_Tax/Filing_Information/General_Information/">https://www.ok.gov/tax/Individuals/Income_Tax/Filing_Information/General_Information/</a> Nonresidents are required to file an Oklahoma income tax return when they receive gross income of at least $1,000 of Oklahoma source income
@carlerine16- The filing threshold in Minnesota for 2021 is $12,525 in Minnesota gross income.
@rj99 The filing threshold in Oklahoma for 2021 is $1,000 from Oklahoma sources.
If you were a full-year nonresident of North Dakota for the 2021 tax year, you must file a 2021 North Dakota individual income tax return if both of the following apply:
For a nonresident, “gross income from North Dakota sources” includes the income from tangible property in North Dakota, such as rents, oil and gas royalties, and gain from the sale or exchange of the property.
@Anonymous
Live in Tx earn royalties in NM. Recd 1099misc tax doc from drilling Co with NM listed as state and the amount of taxes withheld. I’ve reported the 1099misc on my federal return but do I also need to file a tax return for NM?
Yes, according to New Mexico Taxation and Revenue, if you are required to file a Federal return and you have income from a New Mexico source, then you are required to file a New Mexico return.
Take a look at the following website for more information:
If I live in California but earn mineral royalties for a property I own in Pennsylvania, do I have to file both a Ca. and a Pa State return. What is the minimum threshold of income for Pa?
Yes, you would have to file your normal California return as well as a nonresident PA return. The threshold for PA is a low one. Individuals are required to file a Pennsylvania return if their PA-sourced income exceeds $33.
I am ready to file my Federal and State. When I go to pay the 20 to file my State, I click on the button and it takes me to a blank white screen that just says "close" in the bottom right hand corner. Nothing processes. What is the fix?
Please try the following steps which may help clear the loop you are experiencing:
If none of the above steps resolve the issue, please reach back out here in the thread and someone will follow up with the next steps.
Assuming your are asking what the filing threshold is for West Virginia, you must file if you have West Virginia source income if you are a nonresident or part-year resident. See page 19 'Who must File' in this link.
For my situation, I live in Florida and have nominal mineral royalties (less than $3k) from West Virginia and have paid the tax deducted from my royalties do I still need to file a West Virginia state tax return?
Less than $3k sounds like more the $2k which means filing a return unless you meet an exception. WV Instructions page 17 states:
You are required to file a West Virginia return even though you may not be required to file a federal return if:
• Your West Virginia adjusted gross income is greater than your allowable deduction for personal exemptions ($2,000 per exemption, or $500 if you claim zero exemptions). Your income is to be determined as if you had been required to file a federal return. Your exemptions are to be determined following the rules on page 24.
• You are claiming a SCTC or HEPTC credit
• You are due a refund. You are not required to file a West Virginia return if you and your spouse are 65 or older and your total income is less than your exemption allowance plus the senior citizen modification. For example, $2,000 per exemption plus up to $8,000 of income received by each taxpayer who is 65 or older. However, if you are entitled to a refund you must file a return.