Skip to main content
Level 3
April 6, 2022
Solved

out of state rental or investment property

  • April 6, 2022
  • 1 reply
  • 8 views

Client lives in California has a out of state rental or investment property will it be subjected  to a state tax for rental income received from that state too (Arkansas)? Also should a nonresident tax return be filled out for that state?

thank you

This topic has been closed for replies.
Best answer by IRonMaN

You should pay the tax in Arkansas and get a credit in CA for the tax paid.

1 reply

IRonMaN
IRonMaNAnswer
Level 15
April 6, 2022

You should pay the tax in Arkansas and get a credit in CA for the tax paid.

Slava Ukraini!
Level 3
April 6, 2022

thank you very much when you said state credit for Ca it rang a bell

IRonMaN
Level 15
April 6, 2022

You betcha!

Slava Ukraini!