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State tax filing
@SoCal_Blade You live in California so you should know - California taxes everything.
That works out for you in a year where you have a loss on the property. Enjoy it while it lasts. If you have a gain you may owe taxes to Virginia AND you may owe taxes to California. On the upside, California will give you a credit for any taxes paid to Virginia.
In the future make sure to do your Virginia non-resident return FIRST and then your California resident return in order to make sure that California gives you credit for those Virginia taxes.
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‎February 21, 2022
12:33 PM