Sch E Adjustments on Alabama return

Forum|Forum|5 years ago
February 20, 2021
6 replies
22 views

I have a rental property on a federal return. The property is in a different state than the resident state. (Alabama is the resident state). Year after year I end up doing something in the software that is illogical to make it work. Any suggestions on how to make the Alabama adjustment in the software?

Thank you.

ProSeries Professional

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Just-Lisa-Now-

Intuit Community Champion

adjustment for what?

Its all taxable in the resident state, then you do a non resident state for the rental income.

Use the non resident state allocation worksheet at the bottom of the federal info worksheet.

Resident state generally (theres a few that are vice versa) gives credit for taxes paid to the non resident state (prepare the non resident state first to get that to flow easier).

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Just-Lisa-Now-

Intuit Community Champion

If the state that the rental is in, is a state without taxes, then you dont do anything special, just report the rental income to Alabama.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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