turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Deebler
Returning Member

I moved to Georgia a few years ago but own income property in California

I have done one pass using the Turbotax program and have found the results odd and something seems out of place.

 

As stated above, I have lived in Georgia for a few years now but own income property in California. 

 

For the Georgia return, it appears all the income from California is being taxed and I owe a tidy sum.

 

For the California return it shows I owe nothing.

 

Since the property is in California, this seems wrong. I thought income must be taxed in the state where it was earned and yet the TurboTax program has not seemed to sort this out. 

 

Can you tell me if I am correct and where to enter the information in the program that will set this right? 

 

Thank you!

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
MarilynG1
Expert Alumni

I moved to Georgia a few years ago but own income property in California

No, all your income is taxed by your Resident State.

 

If you paid taxes to another state on that income, your Resident State will give you a credit for the tax you paid to the other state.

 

So, in your case, your returns sound like they are correct; Georgia taxes everything and California does not tax your income property.

 

When you sell your income property in CA, though, you may owe CA some Capital Gain tax.

 

Here's more info on Income Property in California.

 

@Deebler 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Deebler
Returning Member

I moved to Georgia a few years ago but own income property in California

Actually I went through the program again and searched for the non resident income area. When I entered the data, it reallotted the taxes that need to be paid away from Georgia and to California. Since the property is in CA, I think this is correct.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies