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dstollst
New Member

I live in Oregon. I have a K-1 in Michigan, therefore I must file a Michigan Tax Return. Do I have to declare the K-1 as Income in Oregon as well?

 
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ToddL
New Member

I live in Oregon. I have a K-1 in Michigan, therefore I must file a Michigan Tax Return. Do I have to declare the K-1 as Income in Oregon as well?

Yes, if you are a resident of Oregon you have to report the MI K-1 on your OR tax return. 

States that have an income tax will tax their residents on all income, no matter where earned. When out-of-state income is taxed by  non-resident state, your home state will give you a credit - against your home state tax - for any tax paid to the non-resident state on the same income. That approach prevents "double-taxation" (for the most part.

FAQ - When would I have to file returns in more than one state?

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ToddL
New Member

I live in Oregon. I have a K-1 in Michigan, therefore I must file a Michigan Tax Return. Do I have to declare the K-1 as Income in Oregon as well?

Yes, if you are a resident of Oregon you have to report the MI K-1 on your OR tax return. 

States that have an income tax will tax their residents on all income, no matter where earned. When out-of-state income is taxed by  non-resident state, your home state will give you a credit - against your home state tax - for any tax paid to the non-resident state on the same income. That approach prevents "double-taxation" (for the most part.

FAQ - When would I have to file returns in more than one state?

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