DianeW777
Expert Alumni

Investors & landlords

Yes, you are reporting only the net profit or loss for property that is located and situated in North Carolina (NV).  The NC income begins with the federal adjusted gross income so if you had a profit on the NC property you should enter that as a positive amount in the NC box.  If it was a net loss on that property then you should enter a negative figure (-300) as example.

 

The figure on the federal return is the net result of all profits and losses combined, for this reason you enter the actual amount for just that property as a nonresident in NC.

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