turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Rental Income from Different states

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!

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DavidD66
Employee Tax Expert

Rental Income from Different states

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.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
DavidD66
Employee Tax Expert

Rental Income from Different states

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.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question