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February 5, 2025
Question

My S corp conducted all business in Texas before my moved to NY. When I submit my Schedule K1 on turbotax how can i specify only to be taxed under Texas state tax?

  • February 5, 2025
  • 1 reply
  • 0 views
I want to avoid the S corp's pass through income from getting taxed New York State income/local income tax

    1 reply

    AmyC
    Employee
    February 6, 2025

    You won't be filing a state business return with NY or TX. Follow these steps:

    1. Enter the k-1 in your personal return.
    2. File part year NY return and indicate that the income was while you were a nonresident and excluded that amount.
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