- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Should out of state rental income be included on massachusetts resident return
Topics:
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Should out of state rental income be included on massachusetts resident return
Yes, if you are a resident of Massachusetts, you will be taxed on all of your income, no matter where you earned it. If you paid income tax to the other state, you will receive a credit for Income Taxes Paid to Another Jurisdiction. Prepare your nonresident state return first to make sure that this is handled correctly.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"