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We live in tx but own a rental in OK. The options say if we live in texas then we don't pay income taxes on the rental income. Is this correct?

 
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1 Reply
RichardG
New Member

We live in tx but own a rental in OK. The options say if we live in texas then we don't pay income taxes on the rental income. Is this correct?

Texas does not have an income tax for individuals.  However, since the rental property is in Oklahoma, you may owe income tax on the income earned by the property to Oklahoma.  I recommend preparing an Oklahoma return to report the rental income.

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