Military NR of CA, house rental while transferred ...
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Military NR of CA, house rental while transferred in military.

NR of CA, rented for 7 yrs with loss, lived for 3 1/2 yrs. Federal says I can take exception of up to 10 years. CA 3/5 years, but still have loss. Rec. 1099S and CA 593.  Couple of questions:

1.  Did Federal on-line had me do a 4797 for sale of asset, huge loss.  Is that where I put the sale since, I am qualified to do an exception of 7 years and qualify for no capital gains over $500,000 MFJ?

2.  California - always a lost, had all taxes done at block, and since we always had a loss we never filed NR CA State.  Last year renters moved out, after several months getting it fixed back up, sold.  Escrow file a CA 593 taking out taxes.  Even with CA rules, we still have a loss, how do I get the $$$ back that they took at escrow?

 

Thank you

Sherri@V2K

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