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Updated over 5 years ago,
Form 593 E and franchise tax in CA
Hi. I live in MA and I am in the process of selling a rental property in CA and trying to fill out form 593-E to avoid paying the mandatory franchise tax since we did not make a profit on the sale. I am stuck on line 14 (enter any suspended passive activity losses from this property). Does anyone know this means or includes (ie travel costs, mortgage fees, utilities, landscaping, etc???).
Any advise will be greatly appreciated. ^_^