What is the best way to look up the various state thresholds for filing a nonresident state return for state K1 forms that are included with a Schedule K-1 (1065)? For example, is there a way to lookup what to do with ordinary losses and capital gains on California's K-1 (568)? Thanks in advance.
A link to the California FTB appears below.
https://www.ftb.ca.gov/forms/2019/2019-540nr-booklet.html#19_540nr-2
Typically, you would do an internet search for the particular state's web site, most commonly the department of revenue or secretary of state.
A link to the California FTB appears below.
https://www.ftb.ca.gov/forms/2019/2019-540nr-booklet.html#19_540nr-2
Typically, you would do an internet search for the particular state's web site, most commonly the department of revenue or secretary of state.
Thanks. Not sure this applies to California sourced capital gains (reported separately from ordinary income and losses)? Ordinary income is in line 1 while short and long term capital gains are lines 8 and 9.
I don't think this answers the question as to how to treat California source amounts from the state K1 (Form 568). I am not talking about ordinary income in California (this is passive investment income on the K1). Both the income (in this case a loss) and the capital gains are reported on my resident state tax return. I am wondering if I also need to file a California non resident return for the source amounts to California.