Waxahachie, TX asked in Tax Law for Louisiana

Q: I live in Texas, must I pay louisian tax because of $19.00 received from gas well?

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1 Lawyer Answer
Jennifer Louise Long
Jennifer Louise Long
Answered
  • Tax Law Lawyer
  • Detroit, MI

A: Determine if you have a filing requirement in Louisiana: "Louisiana residents, part-year residents of Louisiana, and nonresidents with income from Louisiana sources who are required to file a FEDERAL INCOME TAX RETURN must file a Louisiana Individual Income Tax Return." ------

Determine what is taxed: "Nonresident and part-year resident taxpayers who are required to file a federal individual income tax return are required to file a Louisiana income tax return, IT-540B reporting all income earned from Louisiana sources. The calculation for the IT-540B requires that a taxpayer report all income from all sources in order to determine a ratio of Louisiana adjusted gross income to Federal adjusted gross income. Only income earned from Louisiana sources, however, is taxed."

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