Partnership income liability in CA

Discussion in 'Taxes and Accounting' started by virw, Apr 4, 2023.

  1. virw

    virw

    Currently part of my investment portfolio uses a brokerage account under a general partnership registered in California (I'm a partner and have control over the partnership). I've been living in CA full-time, so always I always file CA tax for the capital gains distributed from the partnership K1.

    If next year I move out of CA to another state or overseas, am I still liable for CA taxes on the partnership's distributions? (If that's the case, perhaps I will need to move the investment out of the partnership and set up a new trading entity this year).