All Forum Posts by: Evelyn Guo

I am not a GA resident. I have 2 syndications in GA and I want to find a CPA to help with my state tax preparation for these 2 K1s. Please contact me or reply to this thread if that works for you. 

Thanks!!

Hi Ashish,

I have a similar case in GA. The only income source I have in GA is a K1 with passive loss, do I still need to file state tax? If I need to report, but all related fields are 0. In that case, state doesn't receive any information about this passive loss(Turbotax doesn't include federal form 8582 in GA state filing). If I don't need to report, I heard I may get audited at the year of sale. See here.

Thanks,

Thanks Ashish!

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!