CA nonresident return required?

Colmatt · ‎04-12-2023

I'm filing a ME return for people who get a 1041 K-1 from a CA Estate with dividend income . They do receive a 541 K-1 with amounts in all columns but 0 in (e) California source amounts and credits.

Are they required to file Nonresident CA return?

Thank you so much for helping fellow preparers! Sandra

sjrcpa · ‎04-12-2023

No.

The more I know the more I don’t know.

Colmatt · ‎04-12-2023

Can you explain why?

abctax55 · ‎04-12-2023

Investment income is sourced to the state of residency.

edit.... almost always.... CT & NY can be a bit 'off' sometimes. But you can rely on the "source" column for that info.

HumanKind... Be Both

Colmatt · ‎04-12-2023

Thanks

Colmatt · ‎04-12-2023

CA not looking for return if they received CA schedule K-1(541)?

Works for me, thanks