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ajtomato37
New Member

As regards STATE filing: do I need to report LOSS on the sale of investment property in that state or file a return at all?

I would otherwise NOT need to file a return in that state. I sold an inherited property (land only) at a loss in a nonresident state. I deducted the loss on my federal return. Do I need to file with the state the property was in? Do I mention it at all in my home state return? I assume TT will transfer the info from federal into my home state return, right?

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MaryK1
Level 9

As regards STATE filing: do I need to report LOSS on the sale of investment property in that state or file a return at all?

It depends on the state- please add the state and I can look up the filing requirement for you.

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2 Replies
MaryK1
Level 9

As regards STATE filing: do I need to report LOSS on the sale of investment property in that state or file a return at all?

It depends on the state- please add the state and I can look up the filing requirement for you.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
ajtomato37
New Member

As regards STATE filing: do I need to report LOSS on the sale of investment property in that state or file a return at all?

I reside in NY, the property I sold was in Maine.

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