Investors & landlords

Generally, if you are a resident of another state, the answer is "No", but more details regarding the transaction are needed.

 

Typically if a nonresident sells real property or tangible personal property located in a particular state, any gain from the sale is taxable in that state (i.e., the gain is income sourced in that state). The same result does not generally obtain with respect to intangible property.

 

States can tax income sourced in their state only to the extent that the property is employed in a business, trade, profession, or occupation carried on in that state.