Hi!
I have rental income in two states, the net effect of my rentals is negative, but one state I earned income in and one state I didn't. I feel like this is probably a stupid question, but when doing each state return i go to enter in the rental part earned in each state I assume I have to include the positive portion in the state I earned income in, even though my net was negative?
thank you!
You are correct. You will report net rental income on one state return and a net rental loss on the other state return. You do not get to net the two for state tax purposes.
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