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    imagine044's Avatar
    imagine044 Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Mar 10, 2010, 05:48 PM
    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!
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Mar 10, 2010, 11:52 PM

    CA does not give credit for taxes paid in a foreign country.
    imagine044's Avatar
    imagine044 Posts: 6, Reputation: 1
    New Member
    		  
    #3

    Mar 11, 2010, 10:34 AM

    Thank you for help MukatA~
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