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Updated almost 6 years ago on . Most recent reply
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K-1 Income Negative, what to report to the state ?
I am a California resident with a rental property in Kentucky.
My K-1 total from the property is negative, so I transfer that to my Kentucky non-resident state return. Which results in no tax due. This is my first time filing with a property, so I'd just thought I'd asked if that sounded correct. Thanks for your opinions.