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Investors & landlords
Hi,
I am CA NR and am confused as to what to enter for the CA 540NR for rental income?
I am a TX resident and though I made $15K in rental net income from my rentals in CA, my Federal adjusted rental income is 0 (i guess due to QBI and other loss carryovers). So for the CA tax purposes should I use "0" for my rental income or use $15K? tempted to use $0, to avoid paying CA taxes for the $15K. Any advice asap? Happy to provide any further info. Federal AGI joint filing is $250K.
Thanks
‎July 14, 2020
3:13 PM