Employee

Question

I am a NC resident. How do I exclude out-of-state rental income from my NC State Taxes in the NC Turbo Tax?

No text available

You don't. All income is reportable to your home state. NC starts with your Federal AGI.

Employee

I understand now that NC uses the state tax credit to account for excluding the out-of-state income.

You can claim a credit for taxes paid to the other state on the rental income taxed by NC and the other state.

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