Hello,
I live and work in New Jersey. But I do have a couple of investments outside of NJ:
- 1 single family rental property in Tennesse
- 2 single family rental properties in Texas
- I expect to receive a couple of K1s (Partnership through real estate syndication) in Texas, Florida, and Georgia. All these K1s should show a loss due to depreciation.
I know I have to file in Georgia. But my question is do I have to file nonresident state tax returns in TN, TX, FL?
When I use Turbo Tax, it is giving me the option below. Noticed that Florida is not included on the list.
However, when I clicked 'learn more', it's saying almost the same thing but the collection of states is different. Noticed that Tennesse is not on the list.
I am not sure what to follow.
Would appreciate any guidance or help that you can provide.
Thanks.
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No, you don't have to file Income Tax in either Florida or Tennessee as a non-resident owner of rental property there.
Click this link for more info on Florida Rental Property.
This link has info on Tennessee Rental Property.
The lists may be different as some items are taxed in Florida/Tennessee, so it really depends on what type of income is being reported.
Here's an article on State Taxes you may find interesting.
No, you don't have to file Income Tax in either Florida or Tennessee as a non-resident owner of rental property there.
Click this link for more info on Florida Rental Property.
This link has info on Tennessee Rental Property.
The lists may be different as some items are taxed in Florida/Tennessee, so it really depends on what type of income is being reported.
Here's an article on State Taxes you may find interesting.
Thanks, @MarilynG1.
How about Texas?
Your Rental Income from Texas is considered Personal Income, and Texas doesn't tax personal income.
Click this link for more info on Texas Taxes.
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