How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Lane Your Own Question
Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 11142
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
1929974
Type Your Tax Question Here...
Lane is online now
A new question is answered every 9 seconds

Do California state and federal conform on depriciation of

Customer Question

Do California state and federal conform on depriciation of rental home
I should take the losses from rental same as federal or its calculated in a different way
Do federal and state conform on 29.5 years depreciation and the basis same way
Submitted: 1 year ago.
Category: Tax
Expert:  Lane replied 1 year ago.

Hi,

...

Yes, California adopts federal depreciation provisions (IRC Sec. 167 and IRC Sec. 168) for personal income tax purposes.

...

You can find that here: https://www.cchgroup.com/media/wk/taa/pdfs/landing-pages/national-accounts/guidebook_california_2015-product-brochure.pdf

...

Related Tax Questions