Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Can my out of State rental loss be included in my residency state tax return?
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.