topic Colorado Non-Resident, only have -$85 K-1 loss, do I need to file? in State tax filing

Colorado Non-Resident, only have -$85 K-1 loss, do I need to file?

joe_e_b — Fri, 02 Apr 2021 12:44:20 GMT

I am a Colorado Non-Resident, I received a K-1 reflecting an ($85) loss related to an LLC I am a partner in. No other withholdings or other activity listed in teh K1 boxes apart from the loss. No other income or investement activity in CO, just this one. Do I need to file a Colorado return?

Re: Colorado Non-Resident, only have -$85 K-1 loss, do I need to file?

Irene2805 — Fri, 02 Apr 2021 14:21:40 GMT

No - You do not have to file a CO return. Normally, a nonresident of Colorado with Colorado source income would have to file a CO non-resident return. But since your only "income" is a loss on the K-1, there really is no income and no need to file a return.