2026 Virginia Landlord Tax Guide

A practical Virginia landlord tax guide covering federal Schedule E workflow, Virginia conformity and modification checks, and local property-tax process controls.

Disclaimer: This guide is for informational purposes only. Consult a tax professional for advice specific to your situation, filing year, residency status, entity structure, and local procedures.

2026 Virginia Landlord Tax Guide

Overview

Virginia landlord filing starts with federal rental reporting, then requires Virginia-specific modifications because Virginia taxable income starts from federal adjusted gross income and applies additions/subtractions. (Schedule E about page, Virginia Additions, Virginia Subtractions)

Conformity changed to a fixed date (Dec 31, 2025), so landlords should run a documented conformity review rather than assuming federal treatment always flows through unchanged. Some Virginia Tax pages can be access-restricted in automated environments, so keep official PDFs/forms search links on hand. (Virginia Tax conformity news, Tax Bulletin 26-1 PDF)

Table of Contents

  1. Income reporting workflow (federal to Virginia)
  2. Deductible expenses and records controls
  3. Depreciation and bonus depreciation addback checks
  4. Passive-loss controls
  5. Estimated tax framework and due dates
  6. Virginia-specific STR accommodations + PTET + local property tax process
  7. Worked examples and templates
  8. Official resources

1) Income reporting workflow (federal to Virginia)

Federal baseline: Most landlords report rental activity on Schedule E and use Publication 527 + Schedule E instructions for category treatment and documentation standards. (Schedule E PDF, IRS Pub 527, Schedule E instructions)

Virginia state step: Virginia taxable income starts from FAGI, then applies state additions/subtractions. This should be a separate, documented step in every return workflow. (Virginia Additions, Virginia Subtractions)

Conformity checkpoint: Review fixed-date conformity guidance and include a yearly memo showing whether federal changes affected Virginia treatment. (Virginia Tax conformity news, Tax Bulletin 26-1 PDF)

The full guide covers: estimated tax due-date controls (May/Jun/Sep/Jan), STR accommodations provider/intermediary roles, PTET election workflow, local property appeal templates, and preparer-ready monthly/quarterly checklists.
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