Rental net loss reporting in a nonresident state.

[Rickmo]

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?

[ColeenD3]

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.