State K-1 questions

tkbirdie · ‎May 8, 2021

I live in NC and received a K-1 for an LLC that is in SC. So it is a SC1065 k-1

On Line 2 - Net rental real estate Income (Loss) in Column A (Federal K-1 Amounts) it has $1,180 and in Column C (Amounts NOT allocated or apportioned to SC ($1,180).

Do i need to enter this anywhere? and do i need to file a SC tax return ?

this is the only SC income or k-1 i have.

ErnieS0 · ‎May 9, 2021

It does not appear that you have to file a South Carolina income tax return. Amounts NOT allocated or apportioned to SC mean it is not SC income. Nonresidents are generally only required to file a SC nonresident return if they work in South Carolina or receive income from rental property, businesses, or other investments in South Carolina.

Doublecheck with your partnership to make sure the $1,180 is not SC income.

See: Do I need to file a South Carolina return?

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