CA nonresident filing requirement with just K-1 dividends

[Colmatt]

I'm not familiar with CA taxes.  Are you required to file NR return if only CA income is K-1 Dividends of  $4723? AGI on Federal return is MFJ $230,000

Please say NO....

Thank you

[Colmatt]

Additional info:

K-1 1041

K-1 (541)  (d) 4723 but (e) CA Source amounts $0

[sjrcpa · Accepted solution]

That's telling you there is no CA source income. so no CA return required.

Most states won't tax nonresidents on income from intangibles/investments, unless it is business income.

[abctax55]

Please say NO....

NO 

And Susan's correct - portfolio income is generally sourced to the resident state.

[Colmatt]

Thanks!!