Thank you and I am happy to provide more info:
- Resident state is Oklahoma.
- Nonresident state with rental property is Florida.
The property does not have assets, so I will not be completing a return for Florida (there is no state income tax in FL) and therefore will not have FL tax to deduct from the OK tax.
When entering the out-of-state income in OK, I have to choose "other state" because FL is not on the list.
I am baffled when I do enter the out-of-state income that my OK state refund INCREASES (I get more back). Then, when I enter losses on the following page that are three times the income, I then owe OK more taxes. This seems backwards.
