Membership in an Investment Club

iras1 on

No. CO and MN only require filings from domestic (that is, registered in that state) clubs. PA (and NY and NJ) require filing as long as a partner is a resident of the state regardless of where the club is registered.

Ira Smilovitz

In a message dated 1/10/2012 12:05:59 P.M. Eastern Standard Time, amy.carlson@comcast.net writes:

If the club is registered in WA state, which has no income tax at this time, are state tax returns needed to be filed in CO and MN? As I read your answer, it sounds as if it is yes, not just in PA, but also in CO and MN.

Amy Carlson on

Thanks so much!

Amy Carlson

From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of IraS1@aol.com
Sent: Tuesday, January 10, 2012 9:09 AM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Membership in an Investment Club

Ira Smilovitz

In a message dated 1/10/2012 12:05:59 P.M. Eastern Standard Time, amy.carlson@comcast.net writes:

If the club is registered in WA state, which has no income tax at this time, are state tax returns needed to be filed in CO and MN? As I read your answer, it sounds as if it is yes, not just in PA, but also in CO and MN.

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