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zwwz
New Member

Rental Income Adjustment in CA Nonresident return

HI, Everyone,

I an a full-year nonresident of California but have a house there that's rented out.

I had ~$10k "profit" in Federal Return but in CA Nonresident return, it shows a "Federal Adjusted" "Profit or loss from rents, royalties, partnerships, etc." of $24k. For the "California Amount", should I enter the $24K (same as Federal Adjusted)?

This is the only rental property I have.

Thanks in advance.

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3 Replies
KrisD15
Expert Alumni

Rental Income Adjustment in CA Nonresident return

To clarify

Did you get any rental assistance which was non-taxable for the federal return? 

 

Otherwise the net profit from the rental should be the same. 

 

CA link

 

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zwwz
New Member

Rental Income Adjustment in CA Nonresident return

Thanks, @KrisD15 

No, I did not get any federal rent assistance. Apparently, the depreciation amount for Federal and CA State is different, resulting in the difference.

Rental Income Adjustment in CA Nonresident return

@zwwzSo did you end up entering the adjusted amount of $24k as your California income or did you just put the federal number of $10k down?  Thanks!

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