Hi everyone,

S-corporation was formed on 01/03/2022 in California 

and operated there until 01/29/2025(terminated)

On 01/29/2025 with same name same EIN started in VA 

From 01/01/2025 to 01/29/2025, the company had $1,500 of income and $3,500 of expenses for CA part since termination date is 01/29/2025

 As in prior years, the company also has depreciation on three assets. The date in service for three assets is for 2023 and they  ( office improvement - furniture and an equipment) all of them remained in CA. 

The S-corporation has only one shareholder, who was a Virginia resident as of 01/01/2025. On 01/29/2025, the shareholder formed the S-corporation in Virginia, and on the same day terminated/withdrew the S-corporation from California.

I understand that I should file one federal return and two state returns (California, short-term  and Virginia, short-term as well).

I need help understanding how to correctly file the federal, California, and Virginia returns, making sure that California income is limited to the 29-day period. The numbers in CA return and VA return are different the Federal return!! Also, what should I do for depreciation assets, and how about the two K-1s? can enter two k-1 under one company in his 1040?