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Steve48329
March 8, 2025
Question

I got a Sch K-1 and included was state of Colorado K-1 with box check SALT PARITY ELECTION

  • March 8, 2025
  • 1 reply
  • 0 views

The State of CO  K-1 accompanied  the Federal K-1. Similar to other MLPS .  On the CO k-1 it says SALT PARITY Election Box is checked. Does this mean I have to file a State of Colorado return (all income was from CO) 

I would be a non  resident partner

    1 reply

    PatriciaV
    PatriciaV
    March 13, 2025

    Yes. According to the Colorado Department of Revenue, "Each partner or shareholder must file their own Colorado income tax return."

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