Do clubs in Indiana have to file state income taxes? We have a member who moved to Indiana but joins us online, so we need to know if we have to file taxes for her.
Phyllis Woodring
Model Investment Club of Northern Virginia
Do what you can. Want what you have. Be who you are.
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ira smilovitz on
Phyllis,
According to the instructions for the IT-65 form:
" Any partnership doing business in Indiana or deriving gross income
from sources within Indiana is required to file a return. In addition,
any partnership that has partners residing in Indiana is required to
file a return, even if the partnership is not doing business in Indiana."
This appears to have changed with the 2017 tax year. Prior to 2017, only clubs that did business or derived gross income from sources within Indiana were required to file.
Do clubs in Indiana have to file state income taxes? We have a member who moved to Indiana but joins us online, so we need to know if we have to file taxes for her.
Phyllis Woodring
Model Investment Club of Northern Virginia
Do what you can. Want what you have. Be who you are.
Sent from my iPad.
Phyllis Woodring on
Thanks so much for the info, Ira.
Phyllis
Do what you can. Want what you have. Be who you are.
" Any partnership doing business in Indiana or deriving gross income
from sources within Indiana is required to file a return. In addition,
any partnership that has partners residing in Indiana is required to
file a return, even if the partnership is not doing business in Indiana."
This appears to have changed with the 2017 tax year. Prior to 2017, only clubs that did business or derived gross income from sources within Indiana were required to file.
Do clubs in Indiana have to file state income taxes? We have a member who moved to Indiana but joins us online, so we need to know if we have to file taxes for her.
Phyllis Woodring
Model Investment Club of Northern Virginia
Do what you can. Want what you have. Be who you are.