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R
ralphhale
June 6, 2019
Question

Out of state rental income

  • June 6, 2019
  • 1 reply
  • 0 views
I am a full time Michigan resident, and have a rental house in Colorado. The total rental income is $5,000 for 2016. For the Colorado state return, TurboTax is asking me for the"Colorado Portion of Rental Income", do I enter the full $5,000 here in the Rental or Royalty income box?

1 reply

MichaelL1
MichaelL1
Employee
June 6, 2019

It would be the net rental income from the CO property.  So if you rented it for $5K and had $2K in expenses, you would enter $3K.  

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