Foreign Partnership Filing Requirements - Spidell

Foreign Partnership Filing Requirements

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Message Board Foreign Partnership Filing Requirements

  • This topic has 2 replies, 2 voices, and was last updated 1 week, 4 days ago by Anonymous .
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    • #212083
      Anonymous
      Member

      A Partnership (A) invested in an investment partnership B as a limited partner, B received a schedule K-1 from another investment partnership C showing a California distributive income of $132.  $132 is the only California source income for B. Both investment partnerships A and B are not formed in California.

      My question: does A need to file Form 565 Partnership Return of Income and pay $800 annual tax if A received a schedule K-1 from B showing a California distributive income of $34? For A, $34 is the only California source income.

    • #212290
      Sandy Weiner
      Participant

      I don’t believe A would be required to file under the SBE’s ruling in Amman & Schmid Finanz, 86-SBE-008.

    • #213556
      Anonymous

      Thank you!

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