Royalty Income from different state

[aja4304]

I live in VA but earned $120 in royalties from an oil and gas investment in LA.  I received a 1099-MISC.  Do I have to file LA taxes too?  (Or just VA and Federal)

[PattiF]

No, you would only file taxes for Virginia and include the royalty income on your state and federal returns. You do not need to file a return for Louisiana.

[aja4304]

Thank you very much for the reply! 

I have a follow up question, if you don’t mind.  Is there an amount that would trigger having to file in both states?  I found something on LA tax site that seems like $1000 is the threshold?  Thanks!  

[PatriciaV]

The information you posted relates to the issuance of Form 1099-MISC by a Louisiana company for royalty payments of at least $1,000 to a non-resident. This is not relevant for filing a Louisiana State tax return.

Although Louisiana requires that all non-residents file a tax return to report income from Louisiana sources, it's unlikely that you would owe taxes in Louisiana for your royalty payments. Note that you can file online for free: Louisiana File Online.

For more information: Nonresident and Part-Year Resident Individual Income Tax

[jpd63xyz]

Does this also apply to  New York State? I am a resident of California and receive royalties from a University based in New York State. Do I have to file a New York State tax return? Does it depend on the amount of the royalty received?

[PatriciaV]

If you are a New York State nonresident you must file Form IT-203, Nonresident and Part-Year Resident Income Tax Return, if you meet any of the following conditions:

• You are a nonresident with New York source income and your New York adjusted gross income Federal amount column (Form IT-203, line 31) exceeds your New York standard deduction.
  For Tax Year 2023, the standard deduction is $8,000 if filing single, $16,050 married filing jointly. 
   
• You want to claim a refund of any New York State, New York City, or Yonkers income taxes withheld from your pay.
   
• You want to claim any of the refundable or carryover credits available. 
   
• You had a net operating loss for New York State personal income tax purposes for the tax year, without having a similar net operating loss for federal income tax purposes.

@jpd63xyz