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Author: Wradical Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121477  
Subject: Re: USO K-1 CA State Tax Reporting as a non resi Date: 9/28/2010 9:49 AM
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I bought some USO in late 2008 and sold it in 2009. I received a K-1 and filed appropriately for my federal taxes. Now, I have recently received notification from California as to why I didn't file a 2008 tax return for CA. Although, I am not a resident of California apparently a K-1 was filed out of Murrieta, California.

Anyone else run into this?

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When you buy shares in a partnership (including various LLCs, LPs, MLPs, etc.) you potentially have a responsiblity to file a return in any or all states where the partnership does business.

Did your K-1 package include a California K-1?
Or a breakdown of partnership income data by state?

Bill
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