Do I need to report a "business property" sale in a different state to my home state?

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I sold unimproved land in AZ for a loss, and I live in CA. I will be filing a state tax return in AZ. Do I also need to report the sale of that property in my CA state return?

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MichaelL1Answer

Level 15

AZ non-resident return. If you are Single, Married Filing Separately or Head of Household and your Arizona Adjusted Gross Income (AAGI) is at least $5,500 or your Gross Income (GI) is at least $15,000 you must file.

If you are Married Filing Jointly and your AAGI is at least $11,000 or your GI is at least $15,000 you must file.

So if the sale is for $15K you are suppose to file a Non-resident AZ return. With a loss there is no tax due to AZ.

Your resident of State of CA, taxes you on "all income" so yes the sale should be on the CA return.

MichaelL1Answer

Level 15

If you are Married Filing Jointly and your AAGI is at least $11,000 or your GI is at least $15,000 you must file.

So if the sale is for $15K you are suppose to file a Non-resident AZ return. With a loss there is no tax due to AZ.

Your resident of State of CA, taxes you on "all income" so yes the sale should be on the CA return.

Do I need to report a "business property" sale in a different state to my home state?

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