Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Feb 1, 2020 11:56:14 AM

Rental net loss reporting in a nonresident state.

I am a resident of CT and have rental property in VT.  The rental has a net loss yearly and that my only income source in VT.  Am I required to file a nonresident VT return?

0 1 422
1 Replies
Expert Alumni
Feb 1, 2020 12:13:37 PM

Maybe not. See the information below.

 

Nonresidents with a filing requirement will file Form IN-111, Vermont Income Tax Return and Schedule IN-113, Income Adjustment Calculations.

The following types of income are not included as Vermont income for a nonresident:

  • Income received for a dramatic performance in a commercial film as long as the income is excluded from personal income tax in the state of residence
  • Full-time, active duty pay while stationed in Vermont from the armed services when the pay is earned outside of Vermont. For more information, see Vermont Income Tax for Military Personnel.
  • Activities or services to create or maintain a web or internet site. For more information, see Nonresident Income from Web or Internet Activities.

If the result is net income of more than $100 or gross income (income before any losses) of more than $1,000, then you must file a Vermont income tax return.

 

Please see this LINK for more information.