Temecula, CA asked in Tax Law for North Carolina

Q: I'm in 2 LLPs with income in WI. Both filed composite returns for investors. How to handle, since you can't be in two.

I'm a limited partner in two real estate partnerships that file composite returns for the investors.  I opted into the composite return, and then realized that I have income in WI from both partnerships (I'm a non-resident).  I don't think WI allows an individual to be included in more than one composite return.  Since the composite returns are already filed and the partnership has already paid withholding/taxes due for my share of the source income, how do I handle this situation?  Do I file an individual return for WI and claim the withholding from both composite filings towards my taxes due?  Thanks.

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1 Lawyer Answer
D. Mathew Blackburn
D. Mathew Blackburn
  • Tax Law Lawyer
  • Englewood, CO

A: Put both k-1s on your individual return. Include all withholding.

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