State of Texas Question

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  • thomtax
    Senior Member
    • Nov 2006
    • 1276
    #1

    State of Texas Question

    Client, in 2008, sold a rent house in the State of Texas. She does not live in Texas. My All States book does not have a section for Texas.

    Am I correct in assuming that she will not owe any taxes for the profit, to the State of Texas?

    Also, can anyone tell me about the Nehemia Program? There was a deduction for this on the settlement statement and I need to determine if it is an expense of sale.

    Thanks,
    LT
    Last edited by thomtax; 02-23-2009, 06:48 PM. Reason: additional
    Only in government or politics is a "cut in spending" really an increase. It's just not as much of an increase as they wanted it to be, therefore a "cut".
    Tags: None
    • Jiggers
      Senior Member
      • Sep 2005
      • 1973
      #2
      Lucky Texas

      We have no state income tax for individuals.
      Jiggers, EA

        Comment

        • thomtax
          Senior Member
          • Nov 2006
          • 1276
          #3
          Originally posted by Jiggers
          We have no state income tax for individuals.
          But boy do you get even with the real estate taxes.

          LT
          Only in government or politics is a "cut in spending" really an increase. It's just not as much of an increase as they wanted it to be, therefore a "cut".

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