ljwalters Posted March 29, 2009 Report Posted March 29, 2009 Have client with Capital gains thru K-1 from Nebraska and I cant figure out how to input into the NE 1040N or the NE Schl-lll. I am in California. Linda and Buddy Quote
DougO Posted April 3, 2009 Report Posted April 3, 2009 Sorry this is so late - have been too busy to even check the board for several days. Capital gains are taxed as ordinary income to NE except in rare instances. For a non resident you include all NE source income, capital gains included, on line 66 of NE Sch III. Then the adjusted tax is carried to the 1040N. Hope that helps. Doug O Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.