Non Resident Income for a rental property

Forum|Forum|2 years ago
April 13, 2024
1 reply
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I have a rental property in VT and my primary property in NJ.

When I get to the screen to enter my VT income on the property, do I enter my Schedule E bottom line (in this case -415.00 loss), or the rental income prior to the deductions? It says enter a portion of the following, but next to federal is not the -415.00 OR the rental income, it's 0?

the previous page asked me what portion of my W2 (gross) was made in VT, which I said 0. However, I can't tell if they want gross or net for this page, b/c it does say enter any losses as a negative number. Has anyone figured this out?

If I do enter the gross amount, there is no where in this non-resident state return to enter deductibles

PaulaM

Employee

You would enter the net loss as a negative number, not the gross amount.

But do you need to even file a non resident VT return? If the rental property is the only source of VT income and you had a loss perhaps not. See VT filing requirements here.

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