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Updated almost 2 years ago, 12/28/2022
How to calculate state taxes on a rental in California
Hi Guys,
If we received 36 k as a rent on a house located in California . Mortgage was 24k. The repairs were minor, so it’s negligible. How much would our state taxes be? (My husband keeps waiting for the bill from the state of California , but I keep telling him to just pay it . We need to pay it for the last two years)
Thank you