Filing tax for rental property income

Forum|Forum|3 years ago
March 28, 2023
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I'm resident of Virginia and filing taxes in Virginia. However I've rental income from West Virginia one property results in positive and other property results in negative income. Do I need to file state tax in West Virginia?

Rental Property

Best answer by DawnC

Yes, you’ll need to file a nonresident state return if you made money from sources in a state you don’t live in. Some examples are:

Wages or income you earned while working in that state
Out-of-state rental income, gambling winnings, or profits from property sales
S Corporation or partnership income
Beneficiary income from a trust or estate
For active duty military: non-military income earned outside your state of legal residence
If your employer withheld taxes for the wrong state

Every state has its own rules regarding nonresident returns. Check your state's Department of Revenue website for specific details. Nonresidents of WV with source income in WV will file IT-140.

How to File a Nonresident Return? This link tells you how to get TurboTax to generate the nonresident return - you will want to add WV in the Other State Income box.

West Virginia Personal Income Tax - Prepare your nonresident return before you prepare the resident VA return.

DawnCAnswer

Employee

Yes, you’ll need to file a nonresident state return if you made money from sources in a state you don’t live in. Some examples are:

Wages or income you earned while working in that state
Out-of-state rental income, gambling winnings, or profits from property sales
S Corporation or partnership income
Beneficiary income from a trust or estate
For active duty military: non-military income earned outside your state of legal residence
If your employer withheld taxes for the wrong state

Every state has its own rules regarding nonresident returns. Check your state's Department of Revenue website for specific details. Nonresidents of WV with source income in WV will file IT-140.

How to File a Nonresident Return? This link tells you how to get TurboTax to generate the nonresident return - you will want to add WV in the Other State Income box.

West Virginia Personal Income Tax - Prepare your nonresident return before you prepare the resident VA return.

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chirpyAuthor

Thank you for you response. Virginia has reciprocity tax adjustment with WV. Do we still need to file state tax in WV?

CatinaT1

Yes. You still had WV source income from the rental, and the reciprocity does not change your filing requirement. As Dawnc states above, you will need to file a Nonresident Return for WV.

The West Virginia source income of a nonresident is derived from the following sources included in your federal adjusted gross income:

• Real or tangible personal property located in West Virginia;

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