non resident of Virginia to pay income taxes on rental property there?

 have a condo I own and rent in Virginia, but live in Florida... and turbo tax indicating i must file Virginia state income taxes.. why am I now paying Virginia state tax and I don't live there?  is this new law that requires Virginia to tax me because I own a property there and charge rent????? Never before required to do this....
  • I, too have a rental property in Virginia. ( Live  & work in SC).  However, I did not rent it for the full year & the income was below the "filing threshold".  Does that mean I do nothing this year with Va taxes?  I did pay for property management.
Cancel
From the 2012 Virginia tax code:
 
Nonresidents of Virginia with Virginia Adjusted Gross Income at or above the filing threshold must file if any of their income
is from Virginia sources.  Income from Virginia sources is income received from labor performed, business done, or property located in Virginia, including gains from sales, exchanges or other dispositions of real estate and intangible personal property having a situs
 in Virginia.

The "filing threshold" is $11,950, $23,900 if married filing jointly.
  • Interesting..thanks for that information.. can you clarify the "threshold"?  Is that based on the rental property income only or based on my total income which I earn from Florida?  if only rental income in VA, I am below the $23,900 (filing joint) and still paying taxes..hmmm....
  • "Threshold" means the "Virginia adjusted gross income"  amount below which you're not required to file a Virginia return.
  • If rental income was $12,661 for a single non VA resident with rental property yet I had to pay $7,500 for roof repairs out of that rental income- is there a way to deduct that? or am I now just stuck paying VA taxes that I have never had to pay before?
  • Go to the "Rentals and Royalties" section of TurboTax (under Wages and Income) to enter your rental income - and expenses.  TurboTax will calculate what's taxable.
Cancel
Contribute an answer

People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.
Cancel