Hi!
I have rental income in two states, the net effect of my rentals is negative, but one state I earned income in and one state I didn't. I feel like this is probably a stupid question, but when doing each state return i go to enter in the rental part earned in each state I assume I have to include the positive portion in the state I earned income in, even though my net was negative?
thank you!
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You are correct. You will report net rental income on one state return and a net rental loss on the other state return. You do not get to net the two for state tax purposes.
You are correct. You will report net rental income on one state return and a net rental loss on the other state return. You do not get to net the two for state tax purposes.
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