Multistate Tax Commission warns partnership complexity could leave state K‑1 gaps
MTC presenters said large, tiered partnerships concentrate partnership income among top earners and that federal K‑1s lack state sourcing; they urged state K‑1s, withholding or entity filing to ensure nonresidents receive the sourcing information they need to comply.
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David Marion and Helen Hecht of the Multistate Tax Commission told the advisory group that partnership structures are increasingly complex and that states often lack the state‑level information necessary to source partnership income to nonresidents.
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