I have rental properties in two states outside of my resident state. When reporting "out of state gains" for state tax, do i use gross or net income?Are losses expenses?

[Anita01]

Did you sell the properties?  What states ?

[bigojohn1959]

No I still own them.  But I have income to report for them.  Rentals in Arizona and Colorado.  I live in South Carolina, so the question that comes up on Turbotax for SC is what are my "Out of State Gains" and then it also gives an option for Out of State Losses.  Since the federal part is already calculated, giving me net income and Ive already done the Arizona and Colorado portion, I just need to know what figures to put in when reporting the "Out of State Gain" for SC? And any losses?

[Anita01 · Accepted solution]

You would use the net income or loss, as reported on your Federal return.