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Level 2
June 29, 2020
Solved

state tax return

  • June 29, 2020
  • 1 reply
  • 6 views

1. I have my own house in NV, so i think it’s my tax home?

2. I started graduate school in September 2019 in NJ, and I didn’t make any  income there 

3. I have a Form 1065 k-1 from NY, which I didn’t make money in 2019.

 

Which state tax return should I file? Thanks! 

    Best answer by RobertG

    Nevada has no state income tax, so you don't have to file there.

     

    If you spent more than 30 days in NJ and had more than $7,500 from all sources for the entire year, you are required to file a NJ part-year resident return. Who Must File

     

    You must file a NY nonresident return if You are a nonresident with New York source income and your New York adjusted gross income Federal amount column (Form IT-203, line 31) exceeds your New York standard deduction.

     

    If you are a nonresident, your New York source income is the sum of your income, gains, losses, and deductions from your distributive share of New York State partnership income or gain.  Since that is a loss, you don't have to file a NY return.

     

    Filing information for New York State nonresidents

    1 reply

    RobertG
    RobertGAnswer
    Level 12
    June 29, 2020

    Nevada has no state income tax, so you don't have to file there.

     

    If you spent more than 30 days in NJ and had more than $7,500 from all sources for the entire year, you are required to file a NJ part-year resident return. Who Must File

     

    You must file a NY nonresident return if You are a nonresident with New York source income and your New York adjusted gross income Federal amount column (Form IT-203, line 31) exceeds your New York standard deduction.

     

    If you are a nonresident, your New York source income is the sum of your income, gains, losses, and deductions from your distributive share of New York State partnership income or gain.  Since that is a loss, you don't have to file a NY return.

     

    Filing information for New York State nonresidents

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    njliyiAuthor
    Level 2
    June 30, 2020

    Thanks for your reply, Robert! 

     

    Can I ask: I have 3 times international funds transfer from different relatives into my bank account in USA  in 2019 and the combined total amount is more than $100K. Should I file one Form 3520 or three Form 3520? 

    Level 15
    June 30, 2020

    @njliyi

     

    You should only file one form 3520 and report the three transactions.

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