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Updated over 6 years ago on . Most recent reply
Out of state taxes
I live in California, and am closing on my first rental property this Friday. The property is in Indiana. My question is will I need to file a tax return for the state of Indiana?
Ken Cooper
Most Popular Reply
Originally posted by @Ken Cooper:
I live in California, and am closing on my first rental property this Friday. The property is in Indiana. My question is will I need to file a tax return for the state of Indiana?
Ken Cooper
Ken,
You will pay to Indiana, and you will receive a credit on your CA return. I recommend filing EVERY state even if you do not owe them money. It starts a statute of limitations and keeps them from coming after you.