RobertB4444
Expert Alumni

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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