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Level 4
April 7, 2020
Question

Are these Dividend CA-sourced?

  • April 7, 2020
  • 8 replies
  • 46 views

To help me determine how much CA State tax I need to pay being a non-resident.

MATTHEWS ASIA DIVIDEND

PARNASSUS MID CAP

INVESCO COMSTOCK

BLKRCK GLB DIV I 

 

Thank you

8 replies

Level 15
April 7, 2020

I cannot see your return. However, your dividend income is not allocated to your nonresident state return.

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tdo061803Author
Level 4
April 7, 2020

Thank you @KatrinaB48 

I didn't get what you mean by allocating. Do you mean I don't need to pay tax over dividends? If so would I put $0 on CA 540NR Part II Column E?

 

Do you also know how to calculate California State tax with interest, IRA distribution and Capital gain/loss?

 

AmyC
Level 15
April 7, 2020

As a non-resident, you only pay taxes on income earned in CA. All dividends,interest, capital gain, IRA distributions would be zero on CA. Those items will be taxed by your resident state if they have a state tax.

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