Zero. Zip. Zilch.

Never pay interest with a Refund Advance loan¹⁰⁹

This is an optional tax refund-related loan from Axos Bank™, Member FDIC; it is not your tax refund. Loans are offered in amounts of $500, $750, $1250 or $3000. Approval and loan amount based on expected refund amount, ID verification, eligibility criteria, and underwriting. If approved, funds will be loaded on a prepaid card and the loan amount will be deducted from your tax refund, reducing the amount paid directly to you. Tax returns may be e-filed without applying for this loan. Fees for other optional products or product features may apply. Limited time offer. Available at participating locations. Not offered in Puerto Rico. HRB Maine License No. FRA2. OBTP#B13696 See hrblock.com/refundadvance for details. ©2018 HRB Tax Group, Inc.

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Tax Information Center : Income : Investments

Question

I have a question related to investment property tax deductions and filing taxes. I have a rental property in Colorado that provides income. However, I live in another state. Do I need to file a Colorado return to address investment property tax issues?

Answer

Your investment property income and deductions would be Colorado source income and deductions. You must file a nonresident Colorado return if both of these apply:

You’re required to file a federal return.
You have both of these even though you’re not a Colorado resident:
- Income from a Colorado source
- A current-year Colorado income tax liability

Each state has its own filing requirements for nonresidents. Check the specific rules of the state in your situation.