bardon

Does a new energy saving central air conditioner qualify for a Residential energy credit?

Thanks,

Bardon

I know that when an individual dies his home is valued at the date of death, and the heir's inherit it at that amount.

What value do you use, if the home was deeded to the heir prior to death???

Your help is appreciated.

Bardon

From California Frtanchise Tax Board's website:

I did not live in California. Do I have to file a return?

You are required to file a Nonresident or Part-Year Resident Income Tax Return (Long of Short Form 540NR) with California if you have income from California sources, such as, rental income, income from the sale of property, or partnership income in 2007 and you are:

Single with a total income from all sources of $13,713 or more

Married with joint income from all sources of $27,426 or more

I understand a tax form is needed, but I want to know if ALL her non resident income is taxable, or can it be apportioned?

Bardon

Client could definitely deduct the RE taxes, as he paid them, and he owns the property.

Bardon

I have a client that moved from California in 2006, but still owns a rental property (shows a loss). All her other income is not from California. She has not been back to California since 2006.

Is ALL her income (interest, dividends, capital gains, etc.) taxable under California law? I understand that certain interest and dividends can be subtracted, but none of her income falls under that catagory.

Your help is appreciated.

Thanks,

Bardon