turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I am a NC resident. How do I exclude out-of-state rental income from my NC State Taxes in the NC Turbo Tax?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
ColeenD3
Expert Alumni

I am a NC resident. How do I exclude out-of-state rental income from my NC State Taxes in the NC Turbo Tax?

You don't. All income is reportable to your home state. NC starts with your Federal AGI.

 

 

 

 

I am a NC resident. How do I exclude out-of-state rental income from my NC State Taxes in the NC Turbo Tax?

I understand now that NC uses the state tax credit to account for excluding the out-of-state income.

FangxiaL
Expert Alumni

I am a NC resident. How do I exclude out-of-state rental income from my NC State Taxes in the NC Turbo Tax?

You can claim a credit for taxes paid to the other state on the rental income taxed by NC and the other state.

 

@cathy

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies