California non-resident

Bobzombie — Sat, 06 Jul 2019 00:37:16 GMT

Do I need to file a California return when my only income reported was a rental income loss?

Re: California non-resident

Critter — Sat, 06 Jul 2019 13:25:50 GMT

Yes ... you must file a CA return even if the Sch E shows a loss.

Re: California non-resident

TomYoung — Sat, 06 Jul 2019 13:29:18 GMT

Here's the Franchise Tax Board's position:

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Generally, you must file an income tax return if you’re a resident, part-year resident, or nonresident and:

Are required to file a federal return
Receive income from a source in California
Have income above a certain amount

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Assuming you are required to file a federal income tax return then the FTB's answer to your question is "Yes you do." Now if all you have is a California-sourced loss I suppose there's not much the FTB can do to you if they ever catch on, (penalties are usually based on reported taxable income), but I'd go ahead and file anyway just to memorialize and preserve those non-deductible losses, losses you're sure going to want to take if and when you sell the property.

topic California non-resident in State tax filing

California non-resident

Re: California non-resident

Re: California non-resident