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Level 1
February 17, 2020
Solved

Schedule e with 2 different states properties

  • February 17, 2020
  • 1 reply
  • 9 views

I have rental properties in Iowa and Illinois . Federal schedule E has a net income of 332. In Iowa the houses netted 2138 income and Illinois has a net loss of  -1806. I am a non-resident to Iowa and a resident in Illinois. When I file Iowa tax it shows the amount of 332 and asks how much Iowa income I had. Do I enter the 332 or the 2138 the rentals actually earned.

    Best answer by MaryK4

    You will need to enter the 2138 for the Iowa income. 

    1 reply

    MaryK4
    MaryK4Answer
    Level 15
    February 18, 2020

    You will need to enter the 2138 for the Iowa income. 

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