Your VA source income is the net profit from the rental which is less than $0.
No return is required to be filed.
You must file an income tax return in Virginia if:
- you are a resident of Virginia, part-year resident, or a nonresident, and
- you are required to file a federal income tax return, and
-
you have Virginia adjusted gross income equal to or greater than the amounts below:
Filing Status
Income Threshold
Single or married filing separately
$11,950
Married filing jointly
$23,900
