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K
kng2
April 5, 2024
Question

If we had a rental house in another state but spent more on property tax, upgrades, etc., than we actually took in - do we need to file taxes with that state?

  • April 5, 2024
  • 2 replies
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2 replies

P
PaulaM
April 5, 2024

You don't mention the state but it is important to file even though you have losses. Those losses get carried forward to future years that you have a profit, or later when you decide to sell. 

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    K
    kng2Author
    April 8, 2024

    Good call-out. The state is MI

    Hal_Al
    Hal_Al
    April 8, 2024

    I'm not specifically familiar with MI. but a cursory reading of the following seems to say you don't need to file. 

     

    https://www.michigan.gov/taxes/-/media/Project/Websites/taxes/Forms/2022/2022-IIT-Forms/Schedule-NR.pdf

    Hal_Al
    Hal_Al
    April 5, 2024

    It depends on the state. Some have a gross income (rents received) filing requirement. 

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