Oregon Resident received CA 592-B

Forum|Forum|1 year ago
March 31, 2025
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We are Oregon Residents. In 2024, we started having California rental property professionally managed by a California management company. As a result, the management company paid California State withholding tax and sent us a Form 592-B. As I understand it, we first calculate our Federal Tax Form 1040 and pay this tax, then we calculate our Oregon State Tax and claim a credit for the Tax withheld in CA? Do we also file in California?

Thanks in advance.

MAK70

Yes, you will have to file a California nonresident tax return because the rental properties are located in California and the management company withheld taxes. You will enter the 592-B under Estimated Taxes in the federal section of TurboTax to get proper credit for the payments.

humblandAuthor

Thanks. let me make sure I understand you. That is, we already file estimated taxes in Oregon (based on last years 1040s). What you are saying is that on 2024 Turbotax 1040 Form, we need to include the CA withholding in the estimated taxes paid section? Then, we file in CA and request a credit (tax refund) for those CA prepaid withholding taxes, so that we are not paying taxes on the same money in two states (OR and CA)?