How To File Income Taxes With Property in Two Different States
Owning property in two different states can make filing income taxes at the end of the tax year somewhat more difficult. Only 43 states require residents that meet income requirements to file a state tax return, the other seven are only required to file federal taxes. If you own property in a state that does not require state taxes, none need be filed for that state. If you do need to file taxes, you will have to file a state tax return for your primary residence and for the property that is your part-year residence.
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Instructions
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File income taxes with property in two different states by first determining which state is your primary residence, or where you live more than part-time. That state is the state for which you will file your primary tax return. If that state is one of the seven states that does not require a state income tax return, then you do not have to worry about filing a state tax return for your primary residence. Your other property will require you to file a part-year resident tax return if that state requires a state tax return.
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File online by logging on to the Department of Revenue Web sites for the states where you are filing tax returns and selecting their electronic filing option. Follow the step by step instructions provided to electronically file your primary and or part-year tax returns.
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File your returns by mail by obtaining copies of the appropriate tax forms from the Department of Revenue Web site for the states in questions. Fill out the returns by using the instructions provided and mail them to the addresses located in the instruction portion of each return.
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Locate a tax preparer, tax accountant or certified public accountant (CPA) to file taxes on your behalf if you are unsure on the steps or process to complete.
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References
- Photo Credit A young woman holding a pen, doing her taxes image by Christopher Meder from Fotolia.com
