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I have rental income loss on Fed return. The property is in IL but I moved to GA on 7/1/18. How do I report/allocate this loss on my IL and GA state tax returns?
This has been a rental property since 1994. I completed the IL return first as suggested since I left that state. Turbo Tax is prompting me to allocate the rental income loss (Sch E) and special depreciation being reported on IL-4562 between IL and GA. Do I simply do 50/50 split for these amounts since I moved mid-year?
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‎June 4, 2019
9:37 PM