Question

Out of State rental losses

Forum|Forum|5 years ago
May 12, 2021
1 reply
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I am a SC resident. I own a rental property in WV. I had $8,208 loss in 2020 but because my income is too high,I cannot claim a loss on my Federal Return. So, my deduction is $0. Do I add $8208.00 or $0 to my SC1040?

A

AnnetteB6

Since you are not claiming the loss on your Federal tax return, there is nothing that you need to add to your SC return. The adjustment is only needed if you received the tax advantage of claiming the loss on your Federal return.

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