I own real estate partnerships in 25 states. I am non resident in these state.With depreciation, on federal tax returns, I am having substantial losses on each and every state, Do I need to file all states income tax returns. net net I am loosing monies on each and every states and if I file each state tax return, I am not having taxable income, and in all cases they need federal returns . Plus requirements of each state is so different, It makes very cumbersome. The state taxes do not ask for depreciation schedule. All of them look at the state taxable loss amount and taxes are zero When I sale my property, I(f I have gain , I can always file state taxes return based on federal return for that year. Thus dilemma is should i file state returns when I have taxable loss!!!
Shah
