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Composite Tax Return filed by syndicate
What does it mean to have a composite tax return filed in another state by the syndication/ syndicate?
Will they be filing on the LP behalf in the other state, and will the other state withhold?
Does the LP need to recapture the credit in their home state?
Are there any further actions the LP needs to do for other states where the syndication was doing business (IE file a official state tax return?)