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CA 540NR rental income entry?
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.
Thank
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CA 540NR rental income entry?
Just to add for more clarity, as per TT premier, my Additional Income (from rentals) is "0" - line 17 under "Additional Income" section of 1040.....
Should I use the same to report for CA 540NR form?
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CA 540NR rental income entry?
More information may help resolve your issue. For example, what are the amounts shown of lines 21 and 22 of Schedule E, page 1 for the CA rental activity, and can you find the difference between the $15K income and the loss reported on your federal tax return?
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