My primary home residence (100% of the time) is in NYC (New York State). I inherited a “summer” home in Rhode Island and have not spent any (0%) time at this residence at all. The home in Rhode Island is not rented, nor does it produce any income. I do not intend to ever rent this property. For medical reasons, I am unable to get to this property. My hope is to try to sell this property, at some point. I pay property taxes to the State of Rhode Island for this "secondary" home.
I take the standard deduction on my Federal and State income tax returns. I have looked at the numbers for my medical expenses, mortgage interest, NYS/Rhode property taxes, etc. and they do not exceed the standard deduction amount. I am a senior, and so that kicks up the standard deduction a little bit.
I am trying to do my taxes this year using TT. I have a few newbie type questions that I am looking for some direction and general guidance on.
Do I need to do a Rhode Island tax return for this unoccupied, non revenue producing property that I pay real estate taxes on?
Should I enter the Rhode Island property tax amount on my Federal return or may I omit that amount?
Can you think of any other considerations or questions that I need to answer or clarify to make your potential guidance more helpful. Thanks for reading this.
