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- CA tax liability as a non resident real property owner
CA tax liability as a non resident real property owner
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david0075
Level 1
05-08-2021
03:47 PM
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I purchased a home in 2007 for 775k. I lived in the home for two years. I then moved out of state but rented the property for over ten years. I just sold it for 885k. CA requires a "withhold" amount, ( if any), until I file a CA form 998NR next tax season. I believe I am exempt from this " withhold" amount due to depreciation, expenses, closing costs, etc. Any thoughts?
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qbteachmt
Level 15
05-08-2021
04:19 PM
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"Any thoughts?"
Hi.
You seem to be lost on the internet.
You’ve come to a Peer User community for Intuit Tax Preparation products supporting tax preparation professionals using ProSeries, Proconnect and Lacerte Tax Preparation programs, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.
Thanks.
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