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Investors & landlords
I am finding the same thing in Michigan. I have a loss of $9000 but including that loss reduced my refund by several hundred from Michigan. If I just put the income in with no loss, I get a refund of considerably more. Can't understand that!! I live in Michigan but the rental property with a loss is in Florida.
Also, why does Turbo Tax want me to download a Florida State tax form for $44.00 when I live in Michigan and Florida doesn't collect state taxes?
‎April 30, 2020
10:07 AM