@Peter56 - I take it you do not live in NC and I will assume the NC property is income producing property.
The ONLY income you will report to NC is the income on the property - nothing else. (if the property is not income producing, there is no income to report to NC and thus no tax to NC). That would be the only NC sourced income.
Since you are not living in NC, it will not tax any of your retirement income.
You will report ALL your income to the state you live in and it will give you a credit for the tax liability in NC, if there is any, so that you are not paying tax on the same dollar to both states. (the credit is the LOWER of what you pay NC or what the tax would have been in your state had there been nothing paid to NC).
does that help?
