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I live in California but I have rental property in Colorado. I pay Colorado tax on the rental income. Do I also have to pay California tax on this property?
I have one rental property in California that generated $4,768 in income for 2016.
I have four rental properties in Colorado that generated a total of $10,804 in income for 2016.
The total for the Federal return is $15,590.
TurboTax Premier shows a "Rental or Royalty Adjustment" of $14,574 for the 2016 California state tax return. Is this correct?
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May 31, 2019
10:38 PM