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Investors & landlords
It depends. North Carolina (NC) doesn't allow the loss since it's the only income carrying over from the federal return. The passive loss gets carried over until you have passive income, or you dispose of the property. The non-resident state return would show net income, of which there is none. On Line 11 of Sch PN, the zero amount is carried over from the federal return.
If total gross income from all sources both inside and outside of North Carolina equals or exceeds the amount in the Filing Requirements Chart for your filing status, you must file a 2024 North Carolina individual income tax return, Form D-400.
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‎February 18, 2025
10:21 AM