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April 14, 2025
Question

Confusion caused by 1099-Misc

  • April 14, 2025
  • 1 reply
  • 0 views

I have a 1099-Misc for a oil and gas lease.  The Company's home office is in Denver Colorado, but the lease is for property in West Virginia.  The Turbo Tax kept trying to do a Colorado State tax return.  I couldn't find a way to stop it so I ignored it.  

    1 reply

    April 15, 2025

    You would only need to file a Colorado state tax return if you had a tax liability associated with Colorado sourced income. So unless the lease income was significant, a return would not be required anyways.

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