Karen Lee Posted February 23, 2011 Report Posted February 23, 2011 Client purchased home 2nd home in New Mexico Nov 09 and sold same home May 2010. They lived in the home for 2 months and came back to Washington State. I know how to handle the sale on the federal return but have no idea on the state. The home was sold at a loss. Do we need to file a state return? No income from New Mexico sources. Thanks Karen Quote
Pacun Posted February 23, 2011 Report Posted February 23, 2011 Client purchased home 2nd home in New Mexico Nov 09 and sold same home May 2010. They lived in the home for 2 months and came back to Washington State. I know how to handle the sale on the federal return but have no idea on the state. The home was sold at a loss. Do we need to file a state return? No income from New Mexico sources. Thanks Karen File a retun with New Mexico for record keeping. Personal loss no deduction. Quote
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