I am a CA resident, and I bought a rental property in MI late 2023. The rental property didn't generate any income until Jan 2024. Do I need to file non-resident return for MI?
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No. Generally, you’ll need to file a nonresident state return if you made money from sources in a state you don’t live in. Some examples are:
No. Generally, you’ll need to file a nonresident state return if you made money from sources in a state you don’t live in. Some examples are:
The property didn't generate any income in 2023. But it did have some expenses, such as property tax, HOA, some repair work. I assuming if I file non-resident return for MI, the net loss from this property will be carryover to 2024. But I am not sure if I don't file, the net loss will be carryover?
Yes, you should file a Michigan tax return for 2023. The filing requirements for Michigan (MI) are as follows:
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