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What portion of capital gain should I report for a home sale in a non-resident state?
I sold a home in a state I don't reside in. I am filing a non-resident state return. The net capital gain on my federal return is $40,000 (non-resident home sale with a $50,000 gain and other capital gain losses of $10,000). The non-resident state return it is asking me what portion of the $40,000 capital gain was from the non-resident state. Not sure if I should report $40,000 or $50,000?
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‎June 4, 2019
12:37 PM