DawnC
Employee Tax Expert

Investors & landlords

Set up your personal information to include NY as a non-resident state.   How to set up a nonresident return

 

Then you will enter your rental income and expenses for both properties, using these instructions.

 

Once you are done, TurboTax will automatically transfer everything to your state returns.   You will have NY nonresident return, which you should prepare first.   You will only include the NY rental activity on that return.   Then walk through the CA resident return.   If you have any tax due to NY, CA will give you credit for that on your CA resident return.    

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