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Updated 5 months ago, 07/13/2024
K1 loss tax report for non-resident state (NC)
Hi,
I am using Turbo tax to file K1 form, the NC state tax is filed as non-resident alien. I had a passive loss form the syndication, I am not sure whether I should input 0 or the actual loss number in D-400 Schedule PN Line 11 Column B.
My confusion is for federal tax, I know passive loss should be filed with 8582 and put 0 in 1040. But if I put 0 for the state tax, my follow up question is how should I report this passive loss to NC which may be used to deduct future passive income.
If you know any detail tax instruction for NC state that can help with case that would be also very helpful!
Thanks!