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State Tax Issues Related to Flow-Through Investments Part One
This article is the first part of a three-part series on tax opportunities and issues facing non-resident partners in multistate partnerships. The focus of Part One is on statutory and regulatory safe harbor provisions that may protect non-resident investors in multistate investment partnerships from state income taxes.
Individuals who invest in partnerships that operate in multiple states may be subject to income taxes in each state where the partnership has activity or generates income.