Thank you Annette, I just want to make sure I am understanding you. My resident state is Oklahoma and the state with the rental property is Florida. The rental is not profit motivated, we rented it just so we could hang onto it and never made a month's profit (case and point, we just moved back into it). We had no assets in it either. Since FL has no state income tax and there are no assets, I am not filing a FL return.
So, I should enter the FL income in OK's out-of-state income and and the total FL losses in OK out-of-state losses?
You described how things are added and subtracted, but I am still confused as to why losses in FL, which I am not filing a return in, means that OK should charge me more taxes.
