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Updated over 1 year ago on . Most recent reply

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Jingyuan Yang
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Can my out of State rental loss be included in my residency state tax return?

Jingyuan Yang
Posted

I have a rental property in Oregon and I am a part-year resident in CA. The rental property generates a loss after depreciation, mortgage interest expense, etc. My question is can this loss be allocated to my CA source of income?
According to the FTB website, “as a part-year resident, you pay tax on:

- All worldwide income received while a California resident

- Income from California sources while you were a nonresident
My understanding is the Oregon rental income or loss that is applicable to the time I am a CA resident should be includable on the CA tax return. In my case, it is rental loss.

Would like to know if my understanding or interpretation is correct. 

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