CA Credit for Tax paid to other state - Spidell

CA Credit for Tax paid to other state

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Message Board CA Credit for Tax paid to other state

This topic contains 1 reply, has 2 voices, and was last updated by Lynn Freer 4 months, 2 weeks ago.

  • Author
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  • #151278
    Joseph Proctor
    Participant

    Does CA allow a credit for tax paid to OK on previously 1031 exchanged CA property where upleg purchase was in OK and was sold in 2018.

    Deferred gain form year of sale is reported as income in CA in 2018

  • #151282
    Lynn Freer
    Participant

    Yes, the CA credit applies if OK tax was paid