Unless Virginia gives you advice to the contrary, this is how I suggest you fill out Form 502A:
Section A - Apportionment Method, mark the box on line 8 Multi-Factor Formula with Double-Weighted Sales Factor.
Section B - Apportionment Percentage
- Line 2a. Property Factor: Column A Total -- Value of both properties; Column B - Value of Virginia property
- Line 2c. Sales Factor: Enter the amount of Rent received, both Total and in Virginia.
[Virginia is not the most progressive state! I can say this because I've lived here all my life and have a tax practice here. :D]
