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joeabrams026
New Member

I'm getting taxed in the wrong state for my rental property income

Home state: CA
Rental State: CO

I entered the rental details on Schedule E, but turbo tax is taxing me in CA and not CO.  I believe I have to pay taxes on the rental in CO (and not CA).  How can I fix this?
3 Replies
MaryK1101
Expert Alumni

I'm getting taxed in the wrong state for my rental property income

You must file a nonresident Colorado state return to report your rental income to Colorado.

 

As a California resident, you must also report your rental income on your state tax return, but you will get a credit for any tax you paid to Colorado so you will not be taxed twice on the same income.

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joeabrams026
New Member

I'm getting taxed in the wrong state for my rental property income

Thanks for the reply.  TurboTax *is* filing a nonresident CO return for me, it's just that I'm paying 0 taxes, when I should be paying a little more than that.  I looked on the final CO return and see 0 in the box for entering royalty/rent income earned in CO (box 17), when I believe it should be non-zero.  I've marked the rental address as being in CO, so why isn't TurboTax considering that as a CO income source?

MaryK1101
Expert Alumni

I'm getting taxed in the wrong state for my rental property income

Go back to the Colorado section of TurboTax and look for the Colorado Portion of Rental or Royalty Income (see below) and make sure you have the correct Colorado amount.  

 

 

Please let us know if this does not work.  @joeabrams026

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