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K-1 and state taxes.

I have several K-1 for states I am not resident.  Where things get more challenging are scenarios like this:

I have loan income produced from a property in Florida, which flows from a LLC set-up in New York.  I received a K-1 from NY.  (but none from Florida as there are no state taxes there) .   Do I need to file NY state taxes ?

Thanks

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K-1 and state taxes.

You should contact a tax professional familiar with New York State tax law. 

 

If the state deems the income received by the LLC as New York source income, then you would most likely be required to file a return.

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