Personal Finance (Not Investing) • Which state to file k1 income

My family set up a llc to hold my parents home and farm when they died. This year we sold the house and distributed the proceeds to the partners creating a long term capital gain. We also sold our partnership interest to one of the partners to transfer the farm which created another long term gain. The llc is setup in South Carolina and the house and farm were located there as well. I live permanently in Delaware. I'm not sure whether i file this income on my Delaware return or if I have to file it on a South Carolina return. Does anyone know how this should be done?

Thanks for your help.

Statistics: Posted by peratio — Tue Apr 02, 2024 2:36 pm — Replies 0 — Views 43

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