Announcement

Collapse
No announcement yet.

Non resident partners nexus issues in regards to partnership interest

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

    Non resident partners nexus issues in regards to partnership interest

    Partnership A (Florida) owns partnership B that has 100% nexus in a different state (B). Are the partners of Partnership A that has nexus only in Florida but gets a K-1 from Partnership B considered to have nexus in state B due to their interest in partnership B.

    #2
    Nexus-check the State explanation below is very limited

    For sure A has Nexus in B for any business activity B has there(including rentals). Now A's activity does not go to B on the flow through under old/current rules, but economic presence is new and used by some states. Investment activities(interest, dividends-stock sales etc) only (not rental) flow to partners and their State.

    Stay tuned changes will happen to these issues.

    Comment

    Working...
    X