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kedves
Returning Member

California 540NR item 5

I have rental properties in California, I’m not CA resident. TurboTax is asking to fill form 540NR item 5, last column, E, CA source.
The text says: (income … received from CA sources as a nonresident). The tenant is a CA resident; so, should I report the same amount here, what was reported in the Federal form?

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2 Replies

California 540NR item 5

I am in the same boat trying to figure out what I owe Ca. But it's for work I did in GA, not for rental properties. Only link is the person who paid me lives in CA. ridiculous they they they can charge me for that. 

 

Your post was interesting to me b/c I think it may help me look at the right column of the form. Do you know how to account for your expenses on CA source? Like any rental costs / fixes etc?  When you mentioned column 5 are you entering after expenses? 

 

When I look at my CA client, it's not 100% profit. So when they ask me for CA sourced income it can't be taxed at 100% b/c I have  home office I used to write that project from. Do you adjust your number for any deductions of that rental? 

AmyC
Expert Alumni

California 540NR item 5

Yes, the bottom line income from your rental (income-expenses) for the federal is your CA sourced income.

 

As for @1099erGirl, please see where you posted. 

 

[Edited 03/07/20 | 7:05pm PST]

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