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aureliedlb · Apr 11, 2012, 06:39 PM

Hi,

I'm renting my house in France. I'm a resident of California.
I already filed my federal tax return in which I declared the income of this rental.

But do I have to declare it in the state tax return ?
I mean, I didn't claim any depreciation or amortization of the house, just the mortgage and the income so do I have to file form 3885A and 540ca line 17 ?

Thanks for your help, this part is very complicated !
Aurelie

ebaines · Apr 12, 2012, 05:58 AM

As a resident of CA you must report all world-wide income to CA. I think it would make sense to claim depreciation on this income property so as to reduce the income amount and save on your CA taxes.

aureliedlb · Apr 12, 2012, 09:20 AM

Tanks for your answer.
So if I unerstand well it make sense to do it but it's not an obligation ?

I think this part of the taxes are too complicated for me so I prefer not to claim that (this is the last time I do the returns by paper, next year my wife will have an ITIN).
But if you have an easy way to calcul the claim..

Thanks

ebaines · Apr 12, 2012, 09:23 AM

No - you are not obligated to claim depreciaition.

I've been using Turboax for years, so for me claiming these sorts of deductions is not too onerous. I think the expense is worth the expertise it provides and the assurance that the math all works properly.

aureliedlb · Apr 12, 2012, 09:26 AM

OK,

Next year it will be easy !

Thanks again