csanchez
Level 4
04-08-2022
05:52 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
CA resident sold 2nd home in AZ, Recorded the capital gain on 8949. Then calculated AZ tax just for that gain. Now on CA return. Where do I enter credit for tax paid to another state?
Labels
csanchez
Level 4
04-08-2022
05:58 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I just discovered a check box on CA Capital Gains/Losses that excluded the transaction from CA Sch D. I would think that resolves the issue, right?
Level 15
04-08-2022
06:14 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
AZ is a reverse credit state, so the non resident state will give credit for taxes paid to the resident state. Look on the AZ return for credit for taxes paid to CA.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
csanchez
Level 4
04-08-2022
06:17 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I did see that. Thank you.
sjrcpa
Level 15
04-08-2022
09:01 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
No. Don't do that. CA taxes everything a resident earns.
The more I know the more I don’t know.
csanchez
Level 4
04-08-2022
10:18 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
So let CA calculate the tax and take the credit on AZ?