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I received a Federal K1. This calls out 3 states with non-zero values. One state has an Ordinary Business Loss (column 1 is negative) and Gross Receipts (column 5). The other two states have Gross Receipts but no Ordinary Business Income or Loss. I did not receive a state K1 for any of these states. Is this because only the income is taxable and as a result I don't need to file as a non-resident?
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Yes, if you do not have any income to report to those states, there is no requirement to file a return.
Yes, if you do not have any income to report to those states, there is no requirement to file a return.
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