sjrcpa
Level 15
07-16-2024
05:51 PM
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"They file their 1040 in Texas"
Meaning they live in Texas? A community property state?
Did they acquire this OK LLC/rental property before they resided in Texas or after they already did?
I don't know if it matters. I don't know much about community property. Throwing the questions out for those who do know.
If a 1065 is required, yes there will be K-1s.
The more I know the more I don’t know.