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If I have a rental in another state, but lost money on it this year, do I claim that I made money in another state?

spent money on maintenance and travel that exceeds income from that rental
1 Best answer

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HelenaC
New Member

If I have a rental in another state, but lost money on it this year, do I claim that I made money in another state?

It depends what state it isEvery state has its own rules regarding nonresident returns.  If you're not sure, your best bet is to contact the Department of Revenue in that state, or visit their website. Most state websites have a section devoted to nonresidents and part-year residents.

For example, nonresidents with more than $33 in Pennsylvania-sourced income must file a return, while nonresidents with less than $600 in Missouri income don't have to file.

Note: If the other state happens to be Alaska, Florida, Nevada, South Dakota, Texas, Washington, or Wyoming, you won't be able to file a nonresident return because those states don't collect income tax. However, you'll still need to report that income on your resident state return (assuming your resident state collects income tax) as well as your federal return. 

Related Information:

 

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1 Reply
HelenaC
New Member

If I have a rental in another state, but lost money on it this year, do I claim that I made money in another state?

It depends what state it isEvery state has its own rules regarding nonresident returns.  If you're not sure, your best bet is to contact the Department of Revenue in that state, or visit their website. Most state websites have a section devoted to nonresidents and part-year residents.

For example, nonresidents with more than $33 in Pennsylvania-sourced income must file a return, while nonresidents with less than $600 in Missouri income don't have to file.

Note: If the other state happens to be Alaska, Florida, Nevada, South Dakota, Texas, Washington, or Wyoming, you won't be able to file a nonresident return because those states don't collect income tax. However, you'll still need to report that income on your resident state return (assuming your resident state collects income tax) as well as your federal return. 

Related Information:

 

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