Hello, I reside in Michigan and purchased a rental house/condo in another state. Is the net rental income exempt for Michigan state income tax, since the income is earned in another state? If so, how should I input the exemption via TurboTax Premier and which state form would it show?
Also, if net rental income from another state is exempt for Michigan income tax, by the same token, is net rental loss also apply that it is not allowed as deduction form the MI state income tax?
