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.
Pension Income
Collapse
X
-
Originally posted by ekabobIs 100% of pension income taxable to California?Roland 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
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.
Comment