Other State Tax Credit - Spidell

Other State Tax Credit

Log in to Post

Message Board Other State Tax Credit

This topic contains 2 replies, has 2 voices, and was last updated by Anonymous 2 weeks, 4 days ago.

  • Author
    Posts
  • #183584
    Anonymous

    Taxpayer, a California resident, received a K-1 from a partnership that does business in a number of other states.  Included with the K-1 is a disclosure that the partnership filed a composite return in those other states and paid all taxes due.  It appears that the taxpayer has no filing requirement in the other states since the partnership filed and paid on his behalf.

    My understanding is that the taxpayer should still file California Schedule S and claim the other state tax credit on the income/taxes paid to the other state with the composite returns (even though the taxpayer is not actually filing in those states).

    Any thoughts on this?

  • #183586
    Larry Pon
    Participant

    You will get a credit on the CA return for taxes paid to the other states via the composite returns, except for Arizona, Oregon, and Virginia.   Report this on a separate Schedule S for each state.   You also deduct the state taxes paid on Schedule A of the 1040.

  • #183587
    Anonymous

    That’s what I thought.  Thanks for confirming.