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out of state rental or investment property

Chessmaster1
Level 3

Client lives in California has a out of state rental or investment property will it be subjected  to a state tax for rental income received from that state too (Arkansas)? Also should a nonresident tax return be filled out for that state?

thank you

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Accepted Solutions
IRonMaN
Level 15

You should pay the tax in Arkansas and get a credit in CA for the tax paid.


Slava Ukraini!

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3 Comments 3
IRonMaN
Level 15

You should pay the tax in Arkansas and get a credit in CA for the tax paid.


Slava Ukraini!
Chessmaster1
Level 3

thank you very much when you said state credit for Ca it rang a bell

IRonMaN
Level 15

You betcha!


Slava Ukraini!
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