DDollar
Expert Alumni

Investors & landlords

Yes, you should file a New Jersey non-resident tax return.  Even though all you will be reporting is a loss, you need to report that loss so that if/when you have a profit from the rental or sell the property you can take the losses that you will be carrying forward.  If you don't file and report the loss, it won't be available when you sell or if you make a profit.