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Instruction says include resident state income tax but it has no info about the townhouse I rent out in VA.

Forum|Forum|7 years ago
June 6, 2019
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In live in MD but rent out a townhouse in VA. This year income only $2500 after expenses. Turbo tx say tx due =$0.00. Form 763-s to VA has no info related to the rented townhouse

Best answer by DawnC0

The nonresident percentage of Virginia-source income is determined by dividing Virginia-source income ($2500) by federal income. The ratio is applied to Virginia taxable income computed as a resident. See below for VA filing requirements (2018) based on Filing Status. So, it is very possible that your VA tax is $0.

Single, HOH, QW $ 11,950
MFJ $ 23,900
MFS $ 11,950

DawnC0Answer

Employee

The nonresident percentage of Virginia-source income is determined by dividing Virginia-source income ($2500) by federal income. The ratio is applied to Virginia taxable income computed as a resident. See below for VA filing requirements (2018) based on Filing Status. So, it is very possible that your VA tax is $0.