Hi, I am trying to do my return in TurboTax Business but the logic in the software seems flawed (or correct me where I am wrong).
Tax Situation
- LLC filing as Partnership registered and owns property in MD
- 1 Member is MD resident.
- 1 Member is NJ resident.
We would need to file a Federal, a Maryland, and a New Jersey Return.
(We need to file NJ because they have a residency filing requirement for any partnership who has a partner who lives in NJ).
The two issues I am facing are:
- There doesn't seem to be a way to indicate that the income is not NJ sourced on the NJ-1065 and NJ K-1
- TurboTax forces me to file a NJ composite return (or at least check the box that I will file a composite return). I do not want to check the box because I will not be filing a composite return because the MD based member has no NJ sourced income.
Any help would be appreciated.