Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Foreign tax credit on State return? (https://www.askmehelpdesk.com/showthread.php?t=456751)

  • Mar 10, 2010, 05:48 PM
    imagine044
    Foreign tax credit on State return?
    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!
  • Mar 10, 2010, 11:52 PM
    MukatA

    CA does not give credit for taxes paid in a foreign country.
  • Mar 11, 2010, 10:34 AM
    imagine044

    Thank you for help MukatA~

  • All times are GMT -7. The time now is 12:11 AM.