I live in CA and I am a partner in an LLC that is exclusively in CO. I've prepared a CO non-res return. Do I also need to report the LLC income to CA?

[shav]

The LLC tax accountant has provided a Federal Form 1065 (Schedule K-1) which I have entered into the Federal section of TurboTax.  They also provided a Colorado Form 106 (Schedule K-1 equivalent) which I have used to fill out a Colorado Non-Resident form within TurboTax.  My question is, since these earnings are being reported to CO and I have not been provided with a California K-1 form, should I zero out the CA entries that TurboTax has auto-populated based on my Federal entries?  For reference, I've done it both ways and it's not affecting my CA taxes due.  I just want to make sure I do the right thing in terms of reporting.

[RichardK · Accepted solution]

Yes, you include all your income on your resident California tax return.

[steve 25]

Should Federal or CO amount be used for CA amount ?