All of your rental income and expenses will be claimed on your Federal tax return.
Then, take a look at the Schedule E included as part of your Federal return. If you only have the single rental property, its information will be reported in column A on the Schedule E. Line 21 under the column for your rental property will show whether it was a loss or a gain for the year. That is the number that should be reported on your NC return because it already takes into account all of the expenses related to the property.
Since you are filing a non-resident return for NC, there will be an allocation page that will allow you to enter the total income or loss from your rental property located in NC.
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