Do I still need to compete nonresident state return if my new rental property didn't produce any income yet? Can I still write off improvements/mortgage/expenses?

[dsangiul]

I purchased new house for rental 9/30/17 and it was avail for rent but it didn't get rented.  How do I report the loss?

[DianeW · Accepted solution]

If there is no income from the rental you may not be required to file the return, however if a carryover of the loss is allowed on the state return you may want to file it.  To find out more about the state treatment you can use the link below for the nonresident state.

For the federal return you are allowed to start entering the rental activity when it first becomes available for rent. If you have it advertised or marketed for rent at fair rental price you can enter it on your tax return for 2016.  You must select that is was rented all year and at fair rental price to allow the entries for expenses and the house asset.

1. Open (continue) your return in TurboTax.
2. Type “rentals” in the Search box and then select the “Jump to” link.
3. Continue to enter your rental profile and information

How do I contact my state Department of Revenue? - TurboTax Support

[dsangiul]

Thank you TurbotaxDianeW