Ask me questions on Real Estate Tax Strategy or Investing. Answering all Questions.

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As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and handling multi-entity structures. Whether you're a seasoned real estate investor or just starting out, fire some questions at me and let me provide you with some insight that I'm hoping will be helpful to you in your investing journey.

[Peter Bollwerk]

I am going to move from California to Washington State.

I am considering renting out the home I own in California, but the property manager mentioned they normally withhold 7% for the CA Franchise Tax Board for out of state owners (if I understood correctly).

Can you perhaps clarify how this works and which state decides how much tax to pay on rental income?

Thanks!