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TX residents and have vacation rental property in NM.
We are TX residents and have a condo in NM we rent out as a vacation rental. 2019 was the first year we started renting this condo. Net income for this rental is exactly $0 according to calculation from TT federal side. When I run the TT state return for NM it shows I owe them $3093. It seems to be carrying over all of our income from the federal side, not just the rental income. No other income was earned in NM. How do I fix?
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‎June 16, 2020
7:44 PM