Royalty Income from different state

Forum|Forum|4 years ago
February 26, 2022
1 reply
0 views

I live in VA but earned $120 in royalties from an oil and gas investment in LA. I received a 1099-MISC. Do I have to file LA taxes too? (Or just VA and Federal)

PattiF

No, you would only file taxes for Virginia and include the royalty income on your state and federal returns. You do not need to file a return for Louisiana.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

aja4304Author

Thank you very much for the reply!

I have a follow up question, if you don’t mind. Is there an amount that would trigger having to file in both states? I found something on LA tax site that seems like $1000 is the threshold? Thanks!

PatriciaV

Employee

The information you posted relates to the issuance of Form 1099-MISC by a Louisiana company for royalty payments of at least $1,000 to a non-resident. This is not relevant for filing a Louisiana State tax return.

Although Louisiana requires that all non-residents file a tax return to report income from Louisiana sources, it's unlikely that you would owe taxes in Louisiana for your royalty payments. Note that you can file online for free: Louisiana File Online.

For more information: Nonresident and Part-Year Resident Individual Income Tax

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"