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?
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?
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.
No. Don't do that. CA taxes everything a resident earns.
So let CA calculate the tax and take the credit on AZ?
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