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Sch E Adjustments on Alabama return

nancy2
Level 5

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.

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6 Comments 6
Just-Lisa-Now-
Level 15
Level 15

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♥¸¸.•*¨*•♫♪
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Just-Lisa-Now-
Level 15
Level 15
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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nancy2
Level 5

Guess it's hard to answer questions on state returns.  😞  

Alabama CLEARLY has a form for taking out income that doesn't belong to Alabama.

Concerning if the property was in a state without tax....  ?????  Thank you for the info.  Clearly not a question that was asked.

 

 

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sjrcpa
Level 15

Not many of us here do a lot of AL returns.

If you had mentioned "Alabama CLEARLY has a form for taking out income that doesn't belong to Alabama" in your original post, we would have a better idea of what you were asking. The more info you provide (and you get LOTS of space) the more likely you are to get a good answer.

The more I know, the more I don't know.
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Just-Lisa-Now-
Level 15
Level 15

Ive done lots of different states with rentals in other states and that's how they've all worked, so AL must either do something complete different or youre misunderstanding how it works.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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nancy2
Level 5

Lol.

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