Hawaii state taxes on rental property income offset by a loss in another state

[cgb808]

Hi--

On my federal return I have income from a hawaii rental property and a loss from another property rental from another state.  So overall, there is $0 income on rental properties on my federal return.  When I file my hawaii tax return, do I need to report the income from hawaii only (and not account for the offset?)

Thank you for the amazing community.  I always receive insightful and timely responses!

[DawnC]

Your resident state taxes all of your income, so if you reside in Hawaii, then no adjustments are necessary.   If you do not reside in Hawaii, you would prepare a Hawaii non-resident return and would only allocate the rental income to that return.   In this case, your resident state would give you a credit for tax paid to Hawaii.

Do I have to file tax returns in more than one state?

Why would I have to file a nonresident state return?

How do I file a nonresident state return?