cmsunder
New Member

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?