Investors & landlords

Thank you for your reply, it implemented it in TT

I am still confused about the AL reporting requirements: 

 

You are required to file an Alabama (AL) return if as a nonresident your income is over the allowable prorated exemption (full year resident amounts are $3,000 for married filing jointly and $1,500 for single).  AL Instructions

  • Prorated generally means the AL income divided by the total income (or taxable income)

 

1.  Let's say the total income is  $100,000  and the Alabama income is  $10

Would my prorated calculation be  100,000 /10 = 10,000    or  10/100 K= 0.0001 ?

 

If I understood your comment well, I should be dividing AL income ($10) by the total income ( S100 K) giving an amount lower than the 3,000/1.500 exception, therefore, no need to file a return? If it's done the other way, there would be a need to file a return.

 

2. What number I need to use? Is it the total income or the taxable income?  In my return, those are 2 different numbers: the taxable income is the total income minus deductions.