Rental in Showing in Wrong State

Forum|Forum|4 years ago
April 14, 2022
1 reply
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I am a CA resident with rentals in GA and FL. While filing my Federal Taxes, I put all properties under an 'enterprise' since they are the same type of business and I handled them from my home office.

When it comes to state taxes, FL does not have a personal income tax. Therefore, I am not filing FL taxes. Why is my FL property showing in my GA return? If this is a mistake, can you tell me how to correct it?

Also, all my properties show in my CA taxes for deductions/ depreciations. I assume this is normal since I reside in CA. Please let me know if that is not the case.

Not A Product Question

Best answer by ErnieS0

Yes. It is normal for all your properties to be included on your California income tax return because California residents are taxed on income earned everywhere.

The nonresident Georgia income tax return will allow you to exclude non-Georgia income.

On the screen Georgia Part-Year and Nonresidents, divide your Rents, Royalties, and K-1 income between Georgia and Other State.

The amounts not taxable to GA will appear on Income not Taxable to Georgia on Schedule 3 for Form 500.

ErnieS0Answer

Yes. It is normal for all your properties to be included on your California income tax return because California residents are taxed on income earned everywhere.

The nonresident Georgia income tax return will allow you to exclude non-Georgia income.

On the screen Georgia Part-Year and Nonresidents, divide your Rents, Royalties, and K-1 income between Georgia and Other State.

The amounts not taxable to GA will appear on Income not Taxable to Georgia on Schedule 3 for Form 500.

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eduardochanAuthor

@ErnieS0 ,

I really appreciate your reply. Would I populate those numbers based on my "Rental and Royalty Summary" on my Federal Taxes? I can clearly see what belongs to FL vs. GA there. I ask because TurboTax is auto populating numbers that do not match those numbers.

Thanks so much for taking the time,