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Ask Lane Your Own Question
Category: Tax
Satisfied Customers: 12064
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
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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.



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


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