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As regards STATE filing: do I need to report LOSS on the sale of investment property in that state or file a return at all?
I would otherwise NOT need to file a return in that state. I sold an inherited property (land only) at a loss in a nonresident state. I deducted the loss on my federal return. Do I need to file with the state the property was in? Do I mention it at all in my home state return? I assume TT will transfer the info from federal into my home state return, right?
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‎June 6, 2019
5:12 AM