I reside in MASS and have residential rental real estate in Vermont. I'm using TurboTax Deluxe to file my Fed, VT-nonresident, and MA-resident returns in that order. When completing the MA return I reach the "Rental and Royalty" page containing the entry from my FED return for this rental in VT. Apparently I need to opt to EXCLUDE this from my MA return? I'm a bit confused as to why TurboTax hasn't already done this? The property description includes the fact that it' in VT.
In order for me to exclude it I must choose the "edit" button and then am immediately presented with the question "Should this activity be excluded from the MA return". For this year the rental actually resulted in a loss so I don't owe any VT income tax, but before I selected "exclude" for this rental the loss was being applied to my MA income. I did my VT-nonresident return AHEAD of my MA return and included the rental information there. Are there cases where I'd need to also report this rental income/loss in MA as well?
