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Level 4
March 2, 2025
Question

Oregon non-resident

  • March 2, 2025
  • 1 reply
  • 0 views

I work in OR but live in WA. I also have a rental property in OR. My rental property showed a net profit for 2024. I have two questions.

1. TT shows a Federal value of 7982 in the image below. How is the federal value calculated by TT?

2. I am trying to figure out how to determine the difference in passive activity loss for Oregon in the attached image. Should I just enter the Federal value or the net income from my rental in OR. 

 

 

    1 reply

    IsabellaG
    Level 13
    March 5, 2025

    Can you clarify? You said your rental property showed a net profit for 2024, so there would be no passive loss. That Federal value is not the same figure as your net profit? 

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    bmshah1Author
    Level 4
    March 5, 2025

    @IsabellaG the federal value is not the same as my net profit from the rental. I'm guessing that is because I also work in OR. My paycheck has a OR tax withholding.

    AmyC
    Level 15
    March 5, 2025

    1. The program takes all passive loss - you may have sold stocks at a loss or some other passive activity.

    2. Enter zero since none of the passive loss came from OR.

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