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March 25, 2024
Question

Virginia noin-resident rental income of $2374

  • March 25, 2024
  • 1 reply
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Do I have to file Virginia taxes for townhouse rented and net income is $2374 for rent paid by renter was $9375 for 2023..  I am a NM resident.

1 reply

DMarkM1
March 25, 2024

It depends on your filing status and your VA Adjusted Gross Income (AGI).  You VA AGI is typically the same as your Federal AGI (see below).  As a VA nonresident with VA source income, if your VA AGI is below $11,950 for single or married filing separately or below $23,900 for married filing jointly, then you do not have a VA filing requirement.  Here is the VA reference.

 

Your VA AGI starts with your federal AGI and includes VA additions and subtractions. See pages 19-25 of the VA form 763 Instructions for a list and explanations of VA additions and subtractions from Federal AGI to arrive at your VA AGI.  

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