It depends but if you have NC rental income and meet the NC state income tax filing requirements, then you will need to report this NC located rental property income on both an NC nonresident state income tax return and your VA resident state income tax return.
Since your are a resident of VA , you will need to report all income from all sources on both your federal and VA resident state income tax returns.
According to the NC
Department of Revenue, if you are a nonresident, you must file in NC if:
- you received income for the
taxable year from North Carolina sources that was attributable to
ownership of any interest in real or tangible personal property in the
State or derived from a business, trade, profession, or occupation carried
on in North Carolina, or is derived from gambling activities in this State
and your total income from all sources both inside and outside the State,
exceeds the amount for your filing status shown in the Filing Requirements
Chart (screenshot)
You
will want to work on your nonresident NC state income tax return first. You
will then take a tax credit from your nonresident NC state income taxes on your
resident VA state income tax return. (Please note that you will only get a tax
credit for your NC state income taxes up to the amount of VA state income taxes
that would have been paid if the income was earned in VA). The credit for
taxes paid to another state section will be at the end of your residence
state's interview process.
Just
follow the TurboTax guide when working on your states (remembering to do your
nonresident state return first) and TurboTax will do all the calculations and
credits to your resident states return
Here
is additional information about filing in multiple states (select "see
more answer" to view the entire attachment)
https://ttlc.intuit.com/replies/3300797
