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April 8, 2024
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  • April 8, 2024
  • 1 reply
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I am a Tennessee resident. Last year I invested in a Iowa real estate venture and I received a Iowa K-1 which lists partner's share of Iowa receipts (~$7000). Do I need to file an Iowa return even though my pro rata share is a loss (~$825)?

    1 reply

    April 11, 2024

    No, since you didn't have any income from Iowa, you wouldn't be required to file a tax return.

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