Sold an inherited home in Louisiana for less than Fair Market Value. The Louisiana non-resident return shows a investment loss of $3000 and an adjusted LA. income of 0.
Where do I explain the source of my negative Louisiana income on their form?
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As long as you entered the sale on your federal return, all of the related information will flow to the LA state return. You don't need to include an explanation as LA will get the same information as you reported to the IRS on your federal return.
As long as you entered the sale on your federal return, all of the related information will flow to the LA state return. You don't need to include an explanation as LA will get the same information as you reported to the IRS on your federal return.
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