Do I need to file state returns for both Georgia and Illinois if I am a full-time resident of Georgia who received a K-1 (form 1065) from a partnership in Illinois?

I was not active in the management of the rental property in Illinois, and the amount of net rental real estate income (box 2 on the K-1) was only $202.

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1 Best answer

Level 15

Jun 3, 2019 5:03:24 PM

No, there is no Illinois return required to be filed.

nonresident, you must file Form IL-1040 and Schedule NR if

you earned enough taxable income from Illinois sources to have a tax liability (i.e., your Illinois base income from Schedule NR, Step 5, Line 46, is greater than your Illinois exemption allowance on Schedule NR, Step 5, Line 50),
The exemption allowance is $2,000 for 2017.

Level 15

Jun 3, 2019 5:03:24 PM

No, there is no Illinois return required to be filed.

nonresident, you must file Form IL-1040 and Schedule NR if

you earned enough taxable income from Illinois sources to have a tax liability (i.e., your Illinois base income from Schedule NR, Step 5, Line 46, is greater than your Illinois exemption allowance on Schedule NR, Step 5, Line 50),
The exemption allowance is $2,000 for 2017.

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Do I need to file state returns for both Georgia and Illinois if I am a full-time resident of Georgia who received a K-1 (form 1065) from a partnership in Illinois?