Q: I sold a house in Georgia for a loss. What is the tax implication? Do I have to file? I am not a resident of Georgia.
The house was my primary residence until I moved out of Georgia over 10 years ago. Unfortunately, the house fell into disrepair, so I sold it for a loss of about $30,000.
What are my tax implications? Do I even need to file in Georgia (given that it's a loss)? I'm only asking about my
No income on sale due to the loss, no deduction on loss since it's personal property.
You should file a non-resident return just in case the state has a copy of the 1099-S.
If they do and you don't file they'll send you a bill for tax on the gross sales proceeds.
Kind of a headache to fix.
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