I am a CA resident trying to report the income loss for a nonresident rental property in NY state but it seems to require a positive value

[dconti50]

Where and what do you enter for a -$4,700.00?

[TerryA · Accepted solution]

You don't have to enter any rental property values in TT state returns - except on part-year or nonresident state returns where you allocate net rental income between states. You'll need to do that in your nonresident NY return but you aren't likely to have to do anything in the TT Calif return. All rental property details - income, expenses, assets and depreciation, etc. - are entered in the federal return.

Go to Wages and Income (or whatever Premier says), scroll down to Rental Properties and Royalties (or whatever...) and enter your rental details there. Failure to get those details onto a federal Schedule E page 1 will make the IRS very curious about your return, and you don't want that.