Inquiry about State taxes for a K-1 when the LLC is in different state than my residential state

[RS2123]

My 2 siblings and I set up an LLC in 2024 for a rental property in Louisiana. We each received a K-1 showing a loss for the LLC.  2 of us live in GA and the 3rd sibling lives in Louisiana where the LLC  is set up.  As a GA resident, will I need to file a Louisiana State tax return and a GA State tax return for my K-1??? 

[RobertB4444]

You may.  Louisiana requires an income tax return on any income earned from Louisiana sources.  So if you have income for the year then you will need to file a Louisiana tax return and pay taxes on the income and then file your Georgia return.  In Georgia you will be able to take a credit for the taxes that you paid to Louisiana to reduce your Georgia tax bill.

@RS2123 

[RS2123]

My question is do I have to file if it’s a Loss???  I did not earn any income from the LLC for 2024.  

[AmyC · Accepted solution]

No, LA does not require you to file unless you have income. See LA DOR - Who must file