Question
Partnership based in CA but no CA K-1 or CA Adjustment Provided
A client received a K-1 from a real estate partnership LLC that has a CA address. This client is a resident of FL and has no other connection to CA.
The K-1 states: THE PARTNERSHIP IS INVESTED IN A LOWER-TIER PARTNERSHIP THAT
OPERATES IN FLORIDA. A CALIFORNIA SCHEDULE K-1 NOR A
CALIFORNIA ADJUSTMENT WAS PROVIDED. PLEASE CONSULT YOUR TAX
ADVISOR.
The K-1 doesn't provide any other indication of CA activity. My understanding is that my client would not need to file in CA, but I'm wondering if there is other information I need to request to confirm.
