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AlyssaCicc
Returning Member

Non Resident Income for a rental property

I have a rental property in VT and my primary property in NJ.

When I get to the screen to enter my VT income on the property, do I enter my Schedule E bottom line (in this case -415.00 loss), or the rental income prior to the deductions?   It says enter a portion of the following, but next to federal is not the -415.00 OR the rental income, it's 0?

 

the previous page asked me what portion of my W2 (gross) was made in VT, which I said 0.   However, I can't tell if they want gross or net for this page, b/c it does say enter any losses as a negative number.  Has anyone figured this out?  

If I do enter the gross amount, there is no where in this non-resident state return to enter deductibles 

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1 Reply
PaulaM
Expert Alumni

Non Resident Income for a rental property

You would enter the net loss as a negative number, not the gross amount. 

 

But do you need to even file a non resident VT return? If the rental property is the only source of VT income and you had a loss perhaps not. See VT filing requirements here

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