If I buy a vacation home in Oregon and live there three months a year, do I owe state income tax to Oregon?
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If I buy a vacation home in Oregon and live there three months a year, do I owe state income tax to Oregon?
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Only if you earn money while you are in Oregon.
Yes, if you sell or rent the property during the year.
"none" wrote
Not unless you earned income from that state, as in taking a part-time job or self-employment. And, if you rented out the home while you were away, you will owe tax to that state even if you never went there.
-- Paul Thomas, CPA snipped-for-privacy@bellsouth.net
It all depends on domicile & residency. Each state is different.
-- This written advice was not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. (The foregoing legend has been affixed pursuant to U.S. Treasury Regulations governing tax practice.)
---> real address on hobokenx or hobokeni
Oregon defines a resident as a person who is domiciled in Oregon, or who maintains a permanent place of abode and spends more than 200 days of the taxable year in the state. Or. Rev. Stat. § 316.027(1)(a). You willl not be taxed as a resident as long as you do not go over the 200 days in a year. However, you will be subject to Oregon tax on any Oregon source income. That would include income from Oregon property (e.g., the rental or sale of your Oregon home), and any income from personal services you performed while you were in Oregon (e.g., telecommuting from your Oregon home). Katie in San Diego
(Dick -- sorry if this hits twice -- my wireless network is acting up and I can't tell if the first response went through.) Moderator: The other one hit twice.
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