How do I appropriate a rental income on the state proper state return

Forum|Forum|3 years ago
September 15, 2022
3 replies
11 views

I have a client that lives in NYS and has rental properties in NY and also worked in MA. I was doing her non residential return for MA as I am supposed to prior to NYS and it wants to tax her NYS property income as if she made that income in MA when it was NY. I can not find an area that states to allocate it to the proper state.. PLEASE HELP.

ProSeries Professional

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Camp1040

Level 10

Use the state allocation worksheets at the bottom of the federal information worksheet.

shf1957Author

Level 6

I did but it only works for the w2's and interest .. but kept the rentals as the wrong state.. so i just over rode it and made it zero.. worse comes to worse will have to do a mail in if it won't efile later on.

abctax55

Level 15

I can't help with the how as I use Lacerte.... but to clarify, generally, the rental income will be taxed in the resident state as well as the state the property is located in. There may be credits back/forth between the states if the income is 'double taxed'.

HumanKind... Be Both

Taxprohere

Level 7

Go to the Sch E worksheet for MA, there's a 'exclude from this return' checkbox.

Taxes-by-Rocky

Level 7

Top of Schedule E-1.....

W

WML

Level 2

For what it's worth (for next year), I use Proseries Basic Edition and was having the same problem. In order to access Schedule E-1 where there is a box to check to exclude the New York rental property, I had to right click on line 1 of Schedule E, "Rents Received", and select Cross Reference. Each rental property appears and you can then select the property to access Schedule E-1.

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