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McMill Building
125 S. 4th Street
Norfolk, NE 68701
Phone: 402-371-1160
Toll Free: 800-694-1160
Website: www.mcmill.info
It’s not uncommon for older homeowners in colder climates to also own property in the Sun Belt. Snowbirds, for instance, may own homes in northern and southern states, and may even earn income in both places. Unfortunately, this can complicate their tax picture.
Most states have reciprocal tax agreements, so you won’t pay double the taxes. What you pay in the higher-taxed state is generally credited to you in the other state. In your resident state, you’ll need to include all income, wherever it is earned. Generally, your non-resident tax return requires only income earned in that state.
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