Client has $125,000 pension income, lived in Florida, pension earned out of calif. Became a resident of California on 07/01/2015. Florida has no taxes, is 100% of pension income taxable to California.
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Last edited by ekabob; 04-11-2016, 10:17 AM. -
Yes, but for the year 2015 only the portion received from 7/01/2015 to 12/31/2015 will be taxed by California. The T/P should file F-540NR for 2015.Originally posted by ekabobRoland Slugg
"I do what I can." -
What does earned "out of CA" mean? If it is not a CA pension then it is not taxable in CA. If it is a CA pension then it was not taxable while the TP resided out of State but is once he he returned to CA as his residence.Believe nothing you have not personally researched and verified.Comment
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