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Investors & landlords
I would try both ways in Turbo Tax and see which way comes out cheaper tax wise for you. Is it cheaper for you (Federal and with both states individually and separately) how to file? Check with Hawaii's state tax board if you are required to file after you sell, get their name and of course, don't offer your name. Just an inquiry 😉
However, there is a place to deduct the taxes in the sales of your Hawaii property in your California taxes under other expenses. I have rental property in Hawaii too. But then again, I'm a Hawaii resident.
‎June 6, 2019
2:49 AM