Question
WA partnership, Idaho income -- K1 question on partnership return
Doing a partnership return for WA State partnership. This year, all income was Idaho sources. When I go to make a state return, it asks me to choose an option for the owner's K-1s. These are my choices:
Approved N/R ownership agreement (I don't know what this is)
Composite return
Affected business entity
Exempt from withholding (I'm leaning towards this choice)
Idaho resident (neither partner is an Idaho resident)
Entity paying withholding (the entity did not pay any withholding)
Anyway, I would love insight to these choices. Both partners are individuals who live in WA state. This is the first partnership return for this business and all income was sourced from Idaho.
