turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Non-resident South Carolina loss

I am a California resident but am a limited partner in a multifamily property in South Carolina. Line 2 of my SC K-1 shows a $84 federal loss and (after adjustments) a $4479 loss allocated to SC.  In addition, the partnership had $76 in interest income.  This is my only SC income.

 

Questions:

 

1) Since I will have negative income in SC, do I need to file an SC1040?

2) Can I carry this loss forward to my 2024 SC return (assuming I have positive income then)?  On my federal return, the loss will offset other income so will not carry forward.  

3) How would I enter this in 2024?  Do I just include the carryforward in the SC column of "Rents, royalties, partnerships, estates, trusts, etc"?

 

Thanks,

 

Steve

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Non-resident South Carolina loss

You might have to contact Support tomorrow.

 

What is the TurboTax phone number? (intuit.com)

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies