topic Do I need to or would it behoove me to file nonresident state income taxes for several passive investments with ordinary business losses or net rental real estate losses? in Investors & landlords

Do I need to or would it behoove me to file nonresident state income taxes for several passive investments with ordinary business losses or net rental real estate losses?

rkmpeterson — Sat, 01 Jun 2019 20:06:59 GMT

You are not required to if you have no source income in t...

Zbucklyo — Sat, 01 Jun 2019 20:07:00 GMT

You are not required to if you have no source income in those states. It might not be a bad idea to file anyway, as you go on record with the losses, in case you have gains down the line, and you are applying them against those losses.

Thanks so much. Could you also advise if with losses, do...

rkmpeterson — Sat, 01 Jun 2019 20:07:00 GMT

Thanks so much. Could you also advise if with losses, do I need to file by the end of today or can I get these filed over the next few weeks without repercussions?

Take your time, no rush at all.

Zbucklyo — Sat, 01 Jun 2019 20:07:01 GMT

Take your time, no rush at all.