Greta
Level 9
02-12-2022
01:12 PM
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Husband and wife reside in DC. They started an Airbnb physically located in NY. It produced a substantial loss in 2021. The K-1s will flow to their personal taxes in DC. How do I select a state to file the 1065 in? I would love to ignore doing it, since the loss won't bring either state any tax revenue.
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sjrcpa
Level 15
02-12-2022
01:13 PM
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1065 must be filed for NY.
Where was the LLC formed?
The more I know the more I don’t know.
jeffmcpa2010
Level 11
02-12-2022
01:21 PM
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Probably actually have to file 1065 for both states. (I don't work in NY or DC, but most states I have seen have some kind of apportionment schedule).
