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February 1, 2021
Question

Sale of rental property in another state.

  • February 1, 2021
  • 1 reply
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I sold a rental property in VA and my home state is in Texas. Do I need to file a start return in VA on my rental property sale which is going to be a loss anyway..

    1 reply

    February 1, 2021

    You do not need to file a Virginia state return if your Virginia adjusted gross income will be less than $11,950 if you are single,  or $23,900 if you are married filing joint.  Who Must File a Virginia Tax Return