v54
New Member

I own properties in 3 states - CO, OH and MI. If I have a net loss on all my properties combined by Michigan has a net positive income, do I still owe for MI?

I own properties in 3 states - CO, OH and MI. 

On all properties combined in the 3 states, I am posting a net loss on my Schedule E.

However, for Michigan properties only, there is a combined (3 properties) net positive operating income.

So do I pay taxes to Michigan on that net positive then?