We are selling our primary residence in NY state (not NYC) and I'm a little confused on how capital gains will be handled at the state level.

Thy his has been our primary home since we purchased it 2.5 years ago. I'...

I have a rental property in Michigan and one in North Carolina but live in New York.Do I need to fill out State tax forms for MI and NC?  I'm thinking yes but wanting to confirm from anyone who may know.  Thx!

I'm pulling my hair out over this years (2022) taxes. (turbotax)I've worked through all the Federal taxes and in 2021 I had an AGI of $111387. My taxable income was $75202 and fed taxes were $3504.   For 2022 my AGI w...

 I live in California but own a rental in Columbus OH, do I need to report my total federal taxable income? Or will I only need to report my Columbus rental income on my Columbus city tax?

Are Grants for Rent, created by the Cares Act, considered taxable income?My gut is they are taxable to me as a landlord.  With that said, here in IL, the State published a FAQ section on applying for the grant and it ...

Good evening BP, What percentage of your cash flow do you save for tax purposes? 

Hi, I am using Turbo tax to file K1 form, the NC state tax is filed as non-resident alien. I had a passive loss form the syndication, I am not sure whether I should input 0 or the actual loss number in D-400 Schedule ...

I have a short term rental that I did a cost segregation on and am taking accelerated bonus depreciation. I live in OR but my rental is in AZ. My issue is AZ is a non-conforming (does not recognize the bonus). If I...

In my planning for retirement, I estimate my family annual expenses to be about 100K. I want to know how much do I need to clear in rental income to be able to cover that.
Obviously, the depreciation should make the ...

Just getting started with rental property investing and I’m wondering if the cash flow generated above and beyond all expenses (PITI etc) is taxable as income in NJ.  Numbers to illustrate the question: PITI is $3000/...