topic CA 540NR rental income entry? in Investors & landlords

CA 540NR rental income entry?

CA_NR — Tue, 14 Jul 2020 22:16:09 GMT

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

Re: CA 540NR rental income entry?

CA_NR — Tue, 14 Jul 2020 23:49:55 GMT

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?

Re: CA 540NR rental income entry?

DavidS127 — Wed, 15 Jul 2020 19:30:03 GMT

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?