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New Hampshire Business Profit Tax for Rental Income
I own three rental properties in NH. Do I need to pay the State BPT? TurboTax messaging in the state tax return says (bolded for emphasis):
Based on what we know from your federal return, you probably don't need to file a New Hampshire return.
New Hampshire requires a tax return only if you had taxable interest or dividend income of more than $2,400 or $4,800 (if filing jointly) or had business income over $50,000.
My gross rental income was over $50K. My choices in TurboTax, don't seem to allow me to complete the state return, but I thought I had to if the gross income (not net) was over $50K. "Probably" concerns me. How can I know for sure?
March 29, 2021
6:21 AM