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Old 04-13-2011, 09:10 PM
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K-1 from another state

If I have received a K-1 from the state of Alabama but I am a full time resident of Georgia, Do I have to submit a tax return to Alabama?



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Old 04-14-2011, 05:56 AM
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“If I have received a K-1 from the state of Alabama but I am a full time resident of Georgia, Do I have to submit a tax return to Alabama?”--->I guess so;you need to enclose a copy of tax return(s) filed with other state(s). However, as you paid taxes on Sch K-1 to Alabama, you , as a full year resident of Georgia, need to file your state return to claim your state tax credit on taxes paid to Alabama on your Georgian return.


Last edited by Wnhough : 04-14-2011 at 06:11 AM.


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Old 04-14-2011, 06:06 AM
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“If I have received a K-1 from the state of Alabama but I am a full time resident of Georgia, Do I have to submit a tax return to Alabama?”--->I guess so; for example, in the case of Arkansas, if you claim the Other State Tax credit, then you should attach a copy of the tax return(s) from each state. So, you need to coant DOR of Georgia. However, as you paid taxes on Sch K-1 to Alabama, you , as a full year resident of Georgia, need to file your state return to claim your state tax credit on taxes paid to Alabama on your Georgian return.



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Old 05-03-2011, 12:59 PM
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You have to file a return with Alabama if your income from Alabama sources exceeds the prorated portion of your personal exemption, based on the percentage of your income which is derived from Alabama sources.

Let's say your AGI is $40,000, of which $1000 is from the Schedule K-1. Your percentage of AGI from Alabama sources is therefore 2.5%. If you are married filing jointly, your personal exemption is $3000, of which 2.5% is $75 - so you must file an Alabama return because your $1000 from Alabama sources exceeds the $75 of prorated personal exemption.



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