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April 2, 2021
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Colorado Non-Resident, only have -$85 K-1 loss, do I need to file?

  • April 2, 2021
  • 1 reply
  • 50 views

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? 

    Best answer by Irene2805

    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.

    1 reply

    Irene2805Answer
    Alumni - Intuit
    April 2, 2021

    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.