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