Hello,
I have two two rental properties, one in PA another in SC. The PA schedule E is taxing the SC property, even though I've clicked 'Property is not located in PA'. This did not happen last year and appears to be a bug. Anyone else seeing this? Is there a workaround? Thanks!
Are you a resident of PA? If so, PA can tax all your income, regardless of its source.
Good question, sorry I didn't make that clear. I'm non-resident with an investment property in PA. In years past, TT only taxed the PA property, this year it is taxing both the PA and SC property. I really think its a bug. I'm not sure how to report it. Thanks
Unfortunately I don't have the TT Pennsylvania program on my computer (I'm not a TT employee), so I can't replicate your situation. But it looks like PA wants you to allocate your rental income between PA and Non-PA on PA Schedule NRH, section II.
https://www.revenue.pa.gov/FormsandPublications/FormsforIndividuals/PIT/Documents/pa-40nrh.pdf
Thanks TomD8. I received a TT update this morning, and it fixed the issue.
Seems like TT is listening here and the bug is fixed. Thanks again.
I live outside PA, I'm using Turbotax Premier. My PA Schedule E still taxes property income in another state. I have no way to remove. Thanks.
In the Pennsylvania interview, look for a screen 'Rental and Royalty Property Summary'.
Continue to a screen 'Gross Receipts'. Check the box indicating 'This rental is not taxable as a rental/royalty in PA'.
If you have more than one property not taxable in PA, you can check the corresponding boxes in the section of Schedule E below that.