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If I live in Florida and made all my money in FL but have a rental property in DE with a net loss, do I need to file a DE state tax return?
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If I live in Florida and made all my money in FL but have a rental property in DE with a net loss, do I need to file a DE state tax return?
Yes, You must file a Delaware state tax return if you have any gross income during the tax year from sources in Delaware.If your deductions offset the rental income you are still required to file.
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If I live in Florida and made all my money in FL but have a rental property in DE with a net loss, do I need to file a DE state tax return?
Yes, You must file a Delaware state tax return if you have any gross income during the tax year from sources in Delaware.If your deductions offset the rental income you are still required to file.
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If I live in Florida and made all my money in FL but have a rental property in DE with a net loss, do I need to file a DE state tax return?
Thanks for the help!
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If I live in Florida and made all my money in FL but have a rental property in DE with a net loss, do I need to file a DE state tax return?
You are welcome, unfortunately, DE is one of a small handful of state that require filing even with a loss. It becomes a problem for people who did not know and did not file when they sell the property.
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