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James34
New Member

Will I be required to pay taxes on a home rental in virgina beach, while living in another state if the total amount is $10,000.00. What would be the tax rate?

 
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3 Replies
KeshaH
Expert Alumni

Will I be required to pay taxes on a home rental in virgina beach, while living in another state if the total amount is $10,000.00. What would be the tax rate?

At $10,000 if gross income, you generally wouldn't be required to file a return. You can review Virginia's filing requirements here. You'd only be required to file a return if your income is above a certain threshold for your filing status.

James34
New Member

Will I be required to pay taxes on a home rental in virgina beach, while living in another state if the total amount is $10,000.00. What would be the tax rate?

Landlord

RobertB4444
Expert Alumni

Will I be required to pay taxes on a home rental in virgina beach, while living in another state if the total amount is $10,000.00. What would be the tax rate?

Landlord isn't a filing status.  It's a job.  Your filing status is single or married filing jointly or head-of-household or married-filing-separately.  In Virginia you would have to have $11,950 in Virginia source income to have to file a tax return in either case.  If the $10,000 in rental income is your only income from Virginia sources then you are not required to file a Virginia state tax return while you are a non-resident.

 

@James34 

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