Out of state rental income
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ralphhale
New Member

Out of state rental income

I am a full time Michigan resident, and have a rental house in Colorado. The total rental income is $5,000 for 2016. For the Colorado state return, TurboTax is asking me for the"Colorado Portion of Rental Income", do I enter the full $5,000 here in the Rental or Royalty income box?
1 Reply
MichaelL1
Level 15

Out of state rental income

It would be the net rental income from the CO property.  So if you rented it for $5K and had $2K in expenses, you would enter $3K.  

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