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Wernershocky
March 13, 2025
Question

AZ resident have rental property in TX

  • March 13, 2025
  • 1 reply
  • 0 views

I live in AZ for almost a year, I have a rental property in TX in 2024, the rental property depreciation is 11000. When I file the AZ tax,  there is box show up next to federal depreciation, wants me to fill out AZ amount , and it says AZ adjustment . Does anyone know what I should fill into the box?

    1 reply

    Hal_Al
    Hal_Al
    Employee
    March 13, 2025

    I'm not specifically familiar with AZ.  But, in most states the state amount is the federal amount. 

     

    This is usually only an issue for assets placed into service in 2024.  States do not always accept some federal rules for special or accelerated depreciation.  As long as that $11,000 is for the continuing depreciation of existing assets (placed in service prior to 2024), you should be safe entering $11,000. 

    W
    WernershockyAuthor
    March 13, 2025

    Thanks for the reply, a following question,

    So my rental income from the property from TX is around 25000.

    After I enter all the expense and depreciation, my federal rental income schedule E is -8000.

    So when I file the AZ state TX, my rental income should be 25000 or 0 (-8000 after all the expense the depreciation)?? thanks

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