Hi,
I have a rental propery in a state the has state income tax, but I live in another state, do I have to fill out a state tax return? The rental property was the only income i had from that state?
Hi dgoalcien!
For tax year 2013, you'll need TurboTax Premier or TurboTax Home & Business to enter rental income and expenses. These versions support the Schedule E you'll need to report rental property.
First, if your rental property is located out-of-state, do this before entering your rental-related income and expenses:
This step ensures TurboTax sets up your state programs correctly when it comes time to file your state taxes. (In most cases, you'll need to file a nonresident return for out-of-state rental property. For more details, refer to Nonresident State Tax Returns)
Now - let's get started!
Out-of-State Rental Property
Don't forget to file a nonresident return if your rental property is located in a state that collects income tax. TurboTax can easily handle that for you.
Make sure you followed both sets of instructions above. When finished, click State Taxes to get started on your state tax return(s).
Tip:
Prepare your nonresident state return(s) before your resident return so that TurboTax can properly calculate the credit for taxes paid to another state.
http://turbotax.intuit.com/support/go/GEN12255
Let me know if this helps.
Thank you for using turbotax.
Hi dgoalcien!
For tax year 2013, you'll need TurboTax Premier or TurboTax Home & Business to enter rental income and expenses. These versions support the Schedule E you'll need to report rental property.
First, if your rental property is located out-of-state, do this before entering your rental-related income and expenses:
This step ensures TurboTax sets up your state programs correctly when it comes time to file your state taxes. (In most cases, you'll need to file a nonresident return for out-of-state rental property. For more details, refer to Nonresident State Tax Returns)
Now - let's get started!
Out-of-State Rental Property
Don't forget to file a nonresident return if your rental property is located in a state that collects income tax. TurboTax can easily handle that for you.
Make sure you followed both sets of instructions above. When finished, click State Taxes to get started on your state tax return(s).
Tip:
Prepare your nonresident state return(s) before your resident return so that TurboTax can properly calculate the credit for taxes paid to another state.
http://turbotax.intuit.com/support/go/GEN12255
Let me know if this helps.
Thank you for using turbotax.
This is not working for me, please help. CA is reading my rental income that is from another state
Thanks for the info because I have the same question. You said for "2013", this is the first time I have been asked by turbotax about rental property in another state. I have had the property in MD (VA resident) for 6 years and have filed with turbo tax for over 10 years. Is this new? I have never file a MD state tax form. Will have to go back and amend state returns?
same question for me -- I'm not a resident there, and I've never done that before.