puravidapto
Level 8
06-09-2023
02:48 PM
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You simply need to allocate each amount to the corresponding state in Schedule E and in depreciation schedule, and the states will then independently track it.
I haven't examined it in detail, it appears that certain states, perhaps NJ is one of them, do not take losses into account. I would like to get information how rental losses enter the states, for those you are familiar with, when the property has a gain in rental or when sold. Thanks.
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