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What is the amount of Alexandra Other State Tax Credit

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Reference no: EM132948248

Question - Alexandra, single with no dependents, has waterfront rental property in Maine, but she is a California resident. The rental income was $15,000. She paid $2,000 in taxes to Maine on the rental income but is also being taxed by California as a resident. She has California source income of $25,000. Her California AGI is $40,000 and her California tax liability on Form 540, line 48 is $1,094. What is the amount of Alexandra's Other State Tax Credit on her California tax return?

a. $2,000

b. $0

c. $656

d. $410

Reference no: EM132948248

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