- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I have out-of-state losses that are triple the gains. I entered this in Federal, and when I enter this in state, the taxes I owe the state increase. Is this correct?
The gains and losses are from a rental property in another state. When I enter the income in the resident state entry for out-of-state income, my refund for that state INCREASES. Then, when I enter the losses it goes the other way and I owe the resident state money. This seems backwards to me. Is this correct and why?
Topics:
March 29, 2020
5:08 AM