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eak1740
New Member

I RECEIVED A K-1 FOR 15,000 FROM A WEST VIRGINIA ESTATE. CAN I REPORT IT ON MY GA RETURN OR DO I ALSO HAVE TO FILE A WV RETURN FOR THIS K-1?

 
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DianeW
Expert Alumni

I RECEIVED A K-1 FOR 15,000 FROM A WEST VIRGINIA ESTATE. CAN I REPORT IT ON MY GA RETURN OR DO I ALSO HAVE TO FILE A WV RETURN FOR THIS K-1?

Yes.  The Georgia filing requirements are shown below for nonresidents.  Prepare the nonresident return first, then complete your resident state return.

Non-residents? Nonresidents who work in Georgia or receive income from Georgia sources and are required to file a Federal income tax return are required to file a Georgia Form 500 Individual Income Tax Return.

Some examples of Georgia source income are:

  • Wages
  • Georgia Lottery Winnings
  • Income from flow through entities (S-Corporations, Partnerships, LLCs, Trust, and estates)
  • Rents

Resident State:  All income worldwide is required to be reported on your resident state return.  Any money that is also taxed in a nonresident state allows you to use "credit for taxes paid to another state" when you complete your resident state return.  Your resident state does not want you to pay tax twice on the same income.  The credit will be the amount of tax charged by the nonresident state or the tax that would have been charged by the resident state, whichever is less.

Nonresident State: Any money earned in a nonresident state is required to be reported on that state tax return (with the exception of reciprocal agreements which does not apply in this case).  The nonresident state will tax any income earned that is derived from that state or while you were in that state for work

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1 Reply
DianeW
Expert Alumni

I RECEIVED A K-1 FOR 15,000 FROM A WEST VIRGINIA ESTATE. CAN I REPORT IT ON MY GA RETURN OR DO I ALSO HAVE TO FILE A WV RETURN FOR THIS K-1?

Yes.  The Georgia filing requirements are shown below for nonresidents.  Prepare the nonresident return first, then complete your resident state return.

Non-residents? Nonresidents who work in Georgia or receive income from Georgia sources and are required to file a Federal income tax return are required to file a Georgia Form 500 Individual Income Tax Return.

Some examples of Georgia source income are:

  • Wages
  • Georgia Lottery Winnings
  • Income from flow through entities (S-Corporations, Partnerships, LLCs, Trust, and estates)
  • Rents

Resident State:  All income worldwide is required to be reported on your resident state return.  Any money that is also taxed in a nonresident state allows you to use "credit for taxes paid to another state" when you complete your resident state return.  Your resident state does not want you to pay tax twice on the same income.  The credit will be the amount of tax charged by the nonresident state or the tax that would have been charged by the resident state, whichever is less.

Nonresident State: Any money earned in a nonresident state is required to be reported on that state tax return (with the exception of reciprocal agreements which does not apply in this case).  The nonresident state will tax any income earned that is derived from that state or while you were in that state for work

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