Are Hawaii GE and TAT taxes deductible in California
Hello,
I own a rental condo in Maui and pay GE and TAT taxes on my net income. Can I deduct those taxes from my California taxes?
Hello,
I own a rental condo in Maui and pay GE and TAT taxes on my net income. Can I deduct those taxes from my California taxes?
Those are business taxes and can be deducted as rental expenses on your federal Schedule E.
Your rental income after expenses will be included in your California AGI, in effect crediting you for those taxes.
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