k1's

Forum|Forum|2 months ago
April 7, 2026
1 reply
0 views

The negative number on my k1's offset my rental income from schedule E to be 0. I live in Florida but my rentals are in NY. Do i need to submit an Non resident NY state form for the rentals even though the bottom line is 0.

Thanks,

Eileen Finke

AmyC

Level 15

Probably yes. NY nonresident income filing requirement is based on a more complicated scenario than just looking at your NY income. NY looks at total federal income to determine if you should file along with net operating loss and other factors.

NY Filing requirement states: New York adjusted gross income (Federal amount column) is more than your New York State standard deduction.
Chances are high that your total income is greater than the NY standard deduction ($3,100-$16,050) and you are required to file.
NY requires filing if "You incurred a net operating loss (NOL) for New York State personal income tax purposes for the tax year, without incurring a similar NOL for federal income tax purposes. For more information, see New York State net operating loss."
You also want to file to protect your potential net operating loss or suspended passive losses to carryforward.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"