- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
California resident: how to report Oregon rental property income?
I work and live in California.
I have a rental property in Oregon with profit in tax year 2017. Although, I have prior tax years (tax year 2016 and earlier) passive loss carry-forward -- which is way more than the profit in tax year 2017. So it should offset any profit that I made in tax year 2017.
I am working on California tax, it appears that TT Premier want to tax the whole 2017 profit amount, disregarding the carried-forward loss. What am I doing wrong ?
Few questions:
- Should I work on Oregon non-resident tax first, or California resident tax first?
- Do I have to pay tax only in Oregon, or both California and Oregon?
- How to handle carry-forward passive loss ?
If that matters, I have always used Turbotax in last 4-5 year.
Topics:
‎June 1, 2019
8:53 AM