Rental Property

[burrs2949]

I reside in Arizona and have rental property income in NY state.  Does the income from NY have to be entered in my AZ state tax return?

[DavidD66]

Yes.  As an Arizona resident, 100% of your income is taxable by Arizona, regardless of where it was earned.  You also have to report the income on a Non-Resident New York state return.  If you owe tax to New York, you will receive a credit on your Arizona return for Credit Paid to Other States.  It may be less than your New York tax, as it will be the amount that Arizona would charge on the same amount of income.

[Carl]

Take note that you need to start your "resident" state return last, so the program can "correctly" take into account any reciprocal tax agreement between AZ and NY.

[burrs2949]

That answers my question. I filled out a return for NY State, too, & I think it’s all accurate per your answer. Thanks. 
Now I’m waiting to complete the process by paying $45 fir the additional state return. 

Was about to finish that task when your computers went down yesterday just before 6:00 o.m. Pacific Time. 

Please let me know when someone will call me back & complete the transaction so I can be assured my taxes have been filed.

kryste Andrews

[Carl]

Please let me know when someone will call me back & complete the transaction so I can be assured my taxes have been filed.

Take note that this is a public user-to-user forum, and nobody in this forum is going to call you back for anything.

DID I FILE MY RETURN?

Some clarification is needed here. Only you can e-file your tax return. Nobody else can do it for you. You are the one who has to click that "TRANSMIT MY RETURNS NOW" button. When you have transmitted your return to the IRS, you will receive two e-mails. You will receive physically separate e-mails for a state return, if a state return is filed, for a total of four e-mails. Two from federal, and two from the state.

The first e-mail informs you that you have successfully TRANSMITTED your return to the IRS. This e-mail usually arrives in 10-15 minutes. If you don't have that e-mail, then you did not finish the process.

 The second email informs you if your transmitted return was accepted, or rejected by the IRS. If rejected, follow the link in the e-mail to deal with the rejection issue. This second e-mail can take as long as 48 hours before you receive it. Once your return is accepted, DO NOT lose that e-mail. It's the only solid proof you have, that the IRS accepted your e-filed return. Without it, should the IRS claim you did not file a return, you lose the argument. If it's not in writing, it did not occur.

Once you have that e-mail indicated the IRS has ACCEPTED your return, TurboTax has fulfilled the obligation you paid them for, and TurboTax is no longer in this equation anymore.

Just because the IRS has accepted your e-filed return, does not mean they agree with it. It can take 4 weeks or longer for them to process it. To follow the processing, you can do that at https://www.irs.gov/refunds  It will take 48-72 hours after the IRS has accepted your e-filed return, before it will show up on that IRS website.

REASONS YOU MAY NOT GET THE CONFIRMATION E-MAILS

• You did not click the TRANSMIT MY RETURNS NOW button and/or did not *F*I*N*I*S*H* working through the program after you did click it.
• The e-mail address you provided is wrong
• The email was moved to your junk, trash or spam folder by your email program, or depending on how things are set up on your end, the email was deleted entirely.
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• You deleted the email without reading it, mistaking it for spam from TurboTax.
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