Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

28
Posts
3
Votes
Martingale Kim
3
Votes |
28
Posts

out of state rental income state reporting

Martingale Kim
Posted

I'm a MD resident and have rental income in Philadelphia, do I need to file and pay PA state income tax and get refund for the PA tax from MD state tax?

Most Popular Reply

User Stats

8,495
Posts
10,367
Votes
Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
10,367
Votes |
8,495
Posts
Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
Replied

It’s good news if you have more income than expenses and depreciation combined. Only one of my properties is in a state with income tax so I kept doing cash out refis there to keep the interest higher there than in Nevada with no income tax. After depreciation I’ve been able to avoid MN state income taxes. 

Loading replies...