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Returning Member
posted Aug 30, 2021 4:39:49 PM

2nd State

So I am resident of MI. I have crowdfunded LLC which is established in NY. I received a K1, where business address is in NY.

 

Questions:

#1: Is that mean I need to file for both MI and NY ?

#2: Is there a minimum income requirement that may give me exemption for the second state (NY)?

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1 Replies
Level 15
Aug 31, 2021 8:16:42 AM

See "Who Must File" in this reference for New York's rules regarding LLC filing requirements:

https://www.tax.ny.gov/pdf/current_forms/it/it204lli.pdf