I can't figure out if I am required to file Illinois state tax for this K1 (Limited partner/Ordinary business Income) I received. What I can find is it depends on the state. Does anyone know the laws for IL/AL ?
Also, either way, In turbo tax, should I select "Yes, we made money in other states" or "No, we didn't make money in other states."
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If you received a schedule K-1-P (Illinois schedule K-1), then you need to report the activity for Illinois. Yes you should report that you made money in other states and select Illinois. This will help the software ask the correct questions.
If you received a schedule K-1-P (Illinois schedule K-1), then you need to report the activity for Illinois. Yes you should report that you made money in other states and select Illinois. This will help the software ask the correct questions.
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