I get rental income from a property in AZ but do not reside there or have any other income in that state.
Form 140NR line 21 has the rental income on the federal column, but a $0 on the non-resident state side.
Total rental income from all properties is a negative number on schedule E.
Is this the correct way to report, to avoid double taxation?
If not, how do I fix it?
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You will have to report the net income/loss for your Arizona rentals on From 140NR Line 21 in the column for Arizona sourced income.
While updating the AZ related rental income I also updated the relevant depreciation on lines 30 and 40.
TT is now rejecting prior inputs from the federal return on line 54 1c because ..........
"AZ contributions exceed your std deduction of $0. It may benefit you to itemize AZ deductions"
And so I did, but then my itemized deductions fall short of the threshold to be itemized.
What is the best path forward?
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