imagine044
Mar 10, 2010, 05:48 PM
Situation: I have interest income in foreign country, and I am a California resident.
In the federal return, there is foreign tax credit. But is there the same at the state tax return (CA)? Or will I have to pay state taxes on all income sources regardless of being taxed by the foreign country?
Thank you!
In the federal return, there is foreign tax credit. But is there the same at the state tax return (CA)? Or will I have to pay state taxes on all income sources regardless of being taxed by the foreign country?
Thank you!