I’m trying to figure out the implications of living in Nevada and investing in California. nV is a no income tax state, with investing in CA would I need to pay CA income tax? What other tax or things would I need to look out for? Any first hand experience would be great. Thanks
I’m trying to figure out the implications of living in Nevada and investing in California. nV is a no income tax state, with investing in CA would I need to pay CA income tax? What other tax or things would I need to look out for? Any first hand experience would be great. Thanks
There's money to be made in any state, but you know your back yard better than you know my back yard, and that knowledge is gold. Relevant podcast episode featuring a well known poster, @Account Closed hosted it.
I’m trying to figure out the implications of living in Nevada and investing in California. nV is a no income tax state, with investing in CA would I need to pay CA income tax? What other tax or things would I need to look out for? Any first hand experience would be great. Thanks
There's money to be made in any state, but you know your back yard better than you know my back yard, and that knowledge is gold. Relevant podcast episode featuring a well known poster, @Account Closed hosted it.
I don’t know what those Ellie’s have to do with your question...
But, my guess is you would owe California taxes. They tax Californians who invest in Nevada so I assume they won’t let a dollar escape their grasp. Hopefully with depreciation you won’t owe much/any taxes anyway. (I have to file in MN for my one property there but have yet to owe a $.)
Did you really find a better deal in California than Nevada? You’re doing it backwards compared to most Nevada/California cross state investors.