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Do I have to pay CA Taxes if I purchase a Rental property?
Do I have to pay taxes in CA if I am domiciled in NY state and bought an investment property in CA to rent to family?
Asked By Helen K | Indio, CA | 587 views | Buying | Created 1 year ago
Answer(2)
Tatevik Hovhannisyan
RE/MAX Optima
Yes, you have to pay California state income tax on rental income from a property in CA, even if you live in New York. You’ll need to file a nonresident CA tax return each year you earn income from it.
- 6 months ago
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Traci Poteet
Traci Poteet Real Estate Group, brokered by EXP
Yes, you must pay property taxes to the jurisdiction(s) in which you own property regardless of where you live.
- 1 year ago
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