TAX HELP PLEASE

[historian]

Does anyone know if a person who lives in california but owns property in texas which does not produce income has to file in texas also? thanks

[rwenos]

1. If You Mean Real Property

you're being a fool if you don't ask a tax professional.

[Suich]

2. LOL!

I got the same response when I asked a tax question once!

Good luck!

[BOHICA06]

3. Texas has no income tax and

therefore no need to "file". Of course there will be a property tax bill at some point in the year that you will have to pay.

See this link: http://www.essortment.com/career/newcomersguide_tvwd.htm

[Tezcat]

4. Yeah

Absolutely. You should definitely check it out fully

[DemocratInSoCal]

5. I'm A CPA, And No

Just because you own property, does not require you to file an out of state Income Tax Return. If you receive income from that property, you must report that on the Federal return, and you may be able to deduct certain expenses on the property, if you Itemize.