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Ewan is a non-resident of California and hold a partnership interest in a California partnership. he...

Ewan is a non-resident of California and hold a partnership interest in a California partnership. he received a schedule K one from the California partnership that included net income of 10,000 from California sources.What amount of the distributive share a partnership net income is taxable by California?

A .0$
B.5000$
C 7500
D 10,000
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Answer #1

Answer - A - 0$

If you are a nonresident individual, the amounts will generally not be taxable by California (R&TC Section 17955). However, nonresident individuals will be taxed on their distributive share of California source income from an investment partnership if the income from the qualifying investment securities is interrelated with either of the following:

Any other business activity of the nonresident partner.
Any other entity in which the nonresident partner owns an interest that is separate and distinct from the investment activity of the partnership and that is conducted in California.

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