a****a
发帖数: 37 | 1 目前在加州住，在Texas house rental income，要付california state tax么？ | b******y
发帖数: 1684 | 2 如果income流到你手头了，yes
state income tax.
【在 a****a 的大作中提到】
: 目前在加州住，在Texas house rental income，要付california state tax么？
| r****m
发帖数: 1204 | 3 Depending on your situation, this could be a very complicated question.
For example, are you a resident or non-resident of CA (and/or TX)?
Does your TX rental property have positive or negative net income?
This shows out of state real estate investment could be a challenge, at
least it could complicate your tax situation.
Hope you can describe more clearly about your situation and the final
correct answer, as many people on this board could learn from your research. | a****a
发帖数: 37 | 4 Thanks for your reply. To answer your questions:
We live in CA now. We used to live in TX, where we own a house (fully paid
off). Now we are thinking whether we should sell the house and pay it as the
down payment for the new house purchase in CA, or we should rent the house.
For house rental, we plan to hire a professional property management
company. Here are some numbers I have. Could you please take a look and let
me know whether the computation make sense? Any inputs/comments are greatly
appreciated.
If we rent, here is the income:
House price 380000
estimated rental income/month 2200-2500
expense/month
insurance/month 100
property tax/month 200
HOA (year/month) 50
management(overhead estimated as 18%) 400
monthly income 1450-1650
yearly income 18600 (avg)
yearly after tax income (33% fed + ? state) 12462
If we sell the house and use it as down payments, we will save
total: 380000
interest rate (30 years) 0.042 15960
tax deduction benefit (33% fed + ? state) 5266.8
actual interest paid 10693.2
Without state tax (state tax =0), it seems that we should rent the house
instead of selling it. I am not sure whether there are other factors I
missed in the estimation.
research.
【在 r****m 的大作中提到】
: Depending on your situation, this could be a very complicated question.
: For example, are you a resident or non-resident of CA (and/or TX)?
: Does your TX rental property have positive or negative net income?
: This shows out of state real estate investment could be a challenge, at
: least it could complicate your tax situation.
: Hope you can describe more clearly about your situation and the final
: correct answer, as many people on this board could learn from your research.
| g****o
发帖数: 1024 | 5 Property tax so low.
Is it in Texas?
the
house.
let
greatly
【在 a****a 的大作中提到】
: Thanks for your reply. To answer your questions:
: We live in CA now. We used to live in TX, where we own a house (fully paid
: off). Now we are thinking whether we should sell the house and pay it as the
: down payment for the new house purchase in CA, or we should rent the house.
: For house rental, we plan to hire a professional property management
: company. Here are some numbers I have. Could you please take a look and let
: me know whether the computation make sense? Any inputs/comments are greatly
: appreciated.
: If we rent, here is the income:
: House price 380000
| i********y
发帖数: 2263 | 6 He said it in the second line
【在 g****o 的大作中提到】
: Property tax so low.
: Is it in Texas?
:
: the
: house.
: let
: greatly
|
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