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Decedent estate - lived in WA, has CA rental property

Forum|Forum|4 years ago
January 24, 2022
2 replies
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This is going to sound dumb, I think my brain just isn't working right this morning.

TP lives in WA state, has a CA rental property. TP died in September. She been a client for decades and we've always filed a CA 540NR return for the rental since she moved up there. I will continue to prepare her final 1040 with the 8 months of rental on the CA 540NR.

Executor daughter says she has an accountant up in WA to prepare the 1041, but they told her that couldn't do anything for the CA rental after she passed...I dont know if this means they dont know how to, or that it doesn't need to be done?

Does a CA 541 get filed for this WA estate that has a CA rental property?

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Best answer by sjrcpa

Does a CA 541 get filed for this WA estate that has a CA rental property?

Yes.

sjrcpaAnswer

Level 15

Does a CA 541 get filed for this WA estate that has a CA rental property?

Yes.

The more I know the more I don’t know.

Just-Lisa-Now-

Author

Intuit Community Champion

Thats what I thought! I dont understand why this accountant up there is telling her they cant handle that part of it.

Thank you!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

J

jeffmcpa2010

Level 10

They may be a CPA who is unwilling to jump through all the hoops the California Board requirements and get licensed in California even though they never set foot in the state, nor have a client in the state. California doesn't recognize reciprocity with other states CPA licenses. If it is their only client with a relationship to California they may have decided it's not financially prudent to go through the process.

Mimbreno

Level 4

Is there any chance there was a transfer on death deed for the rental property and it did not pass to the estate?

joshuabarksatlcs

Level 9

Is there any chance there was a transfer on death deed for the rental property and it did not pass to the estate?

Again ATS: The chance is way less than the odds for the 49ers to beat the awesome, unbeatable, totally-favorite-to-win-Super-Bowl-LVI Packers...

My logic:

1. The Asker said "Executor daughter says she has an accountant up in WA to prepare the 1041". If there was a TOD, the WA CPA would likely not file a 1041.

2. In case of a TOD, the WA CPA should still file 540NR, instead of taking NO action for CA.

(On second thought, I should say WA Tax Preparer, instead of WA CPA. Again, the "WA CPA" part is also ATS.)

OMG, 49ers already played the Packers?????

I come here for kudos and IRonMaN's jokes.

Mimbreno

Level 4

I was suggesting there may have been a transfer on death deed for the California rental property, not the entire estate.

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