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March 14, 2022
Question

Schedule K-1 2021 state schedule state tax filing requirement

  • March 14, 2022
  • 1 reply
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I received schedule K-1 with 2021 state schedule for EPD and MMP. For EPD, it list the states as (AL, AR, AZ, CA, CO, CT, DE, FL, GA, IA, IL, IN, KS ,KY, LA, MA, MD, ME, MN, MO, MS, NC, ND, NE, NH, NJ, NM, NY, OH, OK, OR, PA, RI, SC, TN, UT, VA, VT, WI, and WV). the Column 1 Ordinary business income are from -4 to 0, Column 2 Potential Bonus Adjustment to Ordinary Income or loss from 0-2, Column 3 Net Section 1231 are all 0, Gross Receipts from -0 to 67, Colum 6 state income tax are 0 for all. Similar information is applied to MMP entity. Do I need to file any state tax except for my resident state? 

    1 reply

    March 16, 2022

    @angelwying  Based on those numbers no - $67 doesn't generate a filing requirement in any state.

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