I'm preparing my wife and I's IN return for 2019. My wife receives income from a partnership (LLC) on a family farm in IN. We live in Missouri and are Non-Residents of IN.
Reading through the instructions to complete the IN return, under 2019 Changes (page 3), it says filing requirements have changed for certain non-resident individual partners, shareholders and beneficiaries and refers to instructions for Lines 13,14,15 on page 14.
Those instructions, which continue to page 15, read that "individuals who are included on the entities Schedule Composite are not required to fila an individual income tax return to report income from those entities with two exceptions:
(summary) A. Were county taxes withheld?
B. Does the individual have other Indiana income?
On the copy of the IT-20S/IT-65 2019 Schedule IN K-1 we received, my wife is mentioned by name and her SSN is provided; it shows her Pro Rata Percentage; her state of domicile (MO); the Indiana State Tax withheld and 0 for the IN County Tax Withheld.
This is the only income we have from IN.
My interpretation of this is that we don't have to file an IN return since we don't fall under either exception. I want to make sure I'm interpreting this correctly before I don't file.
Sorry for the length.
Thanks
You'll need to sign in or create an account to connect with an expert.
You are correct, based on the instructions.
You are correct, based on the instructions.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
epolson1114
Returning Member
mschragg34
New Member
boilerup20
New Member
oferc141
Level 2
d_n_kswenson04-y
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.