721341
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Do I need to file a NY State Tax Return if I was a non-resident for all 2017, purchased a NY State Rental property, but Federal Rental Income was 0 (expenses>rent)?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DanielV01
Expert Alumni

Do I need to file a NY State Tax Return if I was a non-resident for all 2017, purchased a NY State Rental property, but Federal Rental Income was 0 (expenses>rent)?

It depends.  The following website provides guidance on this:  https://www.tax.ny.gov/pit/file/nonresidents.htm.

On the webpage, the first point is:  You are a nonresident with New York source income and your New York adjusted gross income Federal amount column (Form IT-203, line 31) exceeds your New York standard deduction. (Clicking on links will bring up additional information).

From a technical standpoint, you will not be required to file if you don't have income to report to NY.  (While your rental is a loss, it is highly unlikely that it is considered a New York Net Operating Loss if your overall income is in the positive).  However, New York is aggressive in enforcing tax law, so you may choose to file a tax return to report the rental loss and keep New York from asking questions on why you didn't file a return this year.

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

View solution in original post

1 Reply
DanielV01
Expert Alumni

Do I need to file a NY State Tax Return if I was a non-resident for all 2017, purchased a NY State Rental property, but Federal Rental Income was 0 (expenses>rent)?

It depends.  The following website provides guidance on this:  https://www.tax.ny.gov/pit/file/nonresidents.htm.

On the webpage, the first point is:  You are a nonresident with New York source income and your New York adjusted gross income Federal amount column (Form IT-203, line 31) exceeds your New York standard deduction. (Clicking on links will bring up additional information).

From a technical standpoint, you will not be required to file if you don't have income to report to NY.  (While your rental is a loss, it is highly unlikely that it is considered a New York Net Operating Loss if your overall income is in the positive).  However, New York is aggressive in enforcing tax law, so you may choose to file a tax return to report the rental loss and keep New York from asking questions on why you didn't file a return this year.

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question