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March 18, 2021
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Do I need to file with any state if only receiving a federal K1?

  • March 18, 2021
  • 1 reply
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I received a Federal K1.   This calls out 3 states with non-zero values.  One state has an Ordinary Business Loss (column 1 is negative) and Gross Receipts (column 5).  The other two states have Gross Receipts but no Ordinary  Business Income or Loss.   I did not receive a state K1 for any of these states.  Is this because only the income is taxable and as a result I don't need to file as a non-resident?

Best answer by JeffreyR77

Yes, if you do not have any income to report to those states, there is no requirement to file a return.

1 reply

March 21, 2021

Yes, if you do not have any income to report to those states, there is no requirement to file a return.