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posted Feb 29, 2024 12:24:02 PM

NY non resident rental property LLC

Family LLC with rental property in NY and NJ but we all live in indiana.

I have done the federal 1065 and NJ and both work and report back as expected.

NY state however, i cannot get the K1 to produce just the NY loss/income correctly.  It keeps the Federal amount in both columns.  Am i missing a place to put the percentage of the loss or business, like NJ has?

 

Thanks in advance

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1 Replies
Expert Alumni
Mar 6, 2024 11:07:21 AM

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