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State tax filing
Thank you for your response. The TurboTax input screens says "out of state business income" and "out of state business loss". It also asks "on federal return, did you report income or losses from a business, rental, or royal property which you operated entirely out of the state?"
1. I own the rental properties as an individual, not as a "business", and I did not form a "business" and the properties are in my name as owner. So is it still considered as "business" income and losses that I can exclude on MI Schedule 1 Additions and Subtractions?
2. Since I live in Michigan (MI resident) and the renal properties are out of state, are the rental properties still considered as "operated entirely out of the state"? They are managed by property mgt companies that I hire.
3. The MI Schedule 1 instructions talks about filing 1040H for apportionment. TurboTax did not generate a 1040H.
Please advise. Thank you.