Where can I find a comprehensive guide on how out of state investment properties affect my California/Federal taxes?

[Jerry Poon]

I recently closed on a couple SFR's in Indiana as pure investment properties. I am a resident of California and I feel very in the dark about how they affect my taxes in California and for the Feds. I also want to make sure I have all my deductions and breaks accounted for. Where can I find this sort of information?

Any help would be appreciated.

[Mark B.]

My understanding is that if you Owe CA $10 in taxes and you pay the other state $3 in taxes because that is where your property is, that you will then pay CA the difference ($7).