California Corporation also doing business in Nevada would like to invest in NV without being subjet to CA income tax - Spidell

California Corporation also doing business in Nevada would like to invest in NV without being subjet to CA income tax

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Message Board California Corporation also doing business in Nevada would like to invest in NV without being subjet to CA income tax

This topic contains 1 reply, has 0 voices, and was last updated by Dolores Medina 10 months, 1 week ago.

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  • #33820
    Anonymous

    I have a client that is incorporated and does business in California, and recently has started doing business in other states as well. One of the states the corporation is doing business in is Nevada, my client would like to make some investments in Nevada with the income received in Nevada. Would any gains on such investments be subjet to California income taxes?  

  • #35546
    Lynn Freer
    Participant

    The investment income in another state may be part of the apportionment computation depending on the type of investment.