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which state to assign Sch E entries to

hgtc
Level 5

CA taxpayer has rental property in Vegas.  Just wondering, in Sch E entries, should I assign to "California" or to "federal"?

Although it looks no difference in overall taxes because CA taxes on all source of incomes.

Thanks.

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Cstoll
Level 2

Your assessment is correct; it will have no change on the return.  I always assign mine to US in that situation.

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2 Comments 2
Cstoll
Level 2

Your assessment is correct; it will have no change on the return.  I always assign mine to US in that situation.

hgtc
Level 5

Thanks.

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