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I live in NJ, and have a rental property with net income in NY. Do I need to file a NY state return?

 
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DanielV01
Expert Alumni

I live in NJ, and have a rental property with net income in NY. Do I need to file a NY state return?

Yes.  You need to file two state returns.  For New York you prepare a nonresident return for the rental income that is earned from New York.  You will want to prepare that return first so that your NY tax paid credits are applied to your NJ return.  You will then file a NJ resident return.  Here is how to prepare the nonresident return in TurboTax:

https://ttlc.intuit.com/replies/3302052

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1 Reply
DanielV01
Expert Alumni

I live in NJ, and have a rental property with net income in NY. Do I need to file a NY state return?

Yes.  You need to file two state returns.  For New York you prepare a nonresident return for the rental income that is earned from New York.  You will want to prepare that return first so that your NY tax paid credits are applied to your NJ return.  You will then file a NJ resident return.  Here is how to prepare the nonresident return in TurboTax:

https://ttlc.intuit.com/replies/3302052

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

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