Do I file state K-1 or not?

foxtaxes75 — Wed, 01 Oct 2025 00:10:10 GMT

I have invested in a private equity real estate LLC, and I can't figure out if I need to enter the state K-1 on Turbotax or not.

The investment LLC did give me a regular K-1 and state K-1's, but on the paperwork the LLC wrote, "Activity is sourced to FL, GA, MD, NC, SC, TN, VA ,and WA. See state K-1's provided. FL and other state K-1's are not applicable for individual investors."

It's that last sentence that is confusing me. I invested as an individual investor - not part of a trust or business. So does that mean the state K-1 that the LLC provided me should not be entered on my TurboTax state return?

If I am supposed to file state K-1's, do I have to file tax returns for other states? The K-1 says, "Composite returns are being filed in GA, MD, SC, and VA." That still leaves NC, TN, and WA (one of which I live in).

I tried entering the state K-1 information for my state and it did increase my state tax liability.

Any help in figuring this out is appreciated!

Re: Do I file state K-1 or not?

foxtaxes75 — Sun, 05 Oct 2025 04:08:19 GMT

Anyone have any insight on this?

topic Do I file state K-1 or not? in Investors and rental owners

Do I file state K-1 or not?

Re: Do I file state K-1 or not?