Manuel and Christina Alverno came to the United States from Spain several years

Question

Manuel and Christina Alverno came to the United States from Spain several years ago. Both are resident aliens,. They settled permantely in Florda and maintain as their domicile. When they moved to the United States they sold their residence in Spain but kept some land that they had purchased many years earlier with community funds.They currently rent this land to a neighboring rancher and received $15000 net rental income this year.On the Alvernos federal tax return , which rules will apply to the rental income>

A Community Property Rules of Spain

B Community property rules of the United States

C Separate property rules of Florida

D Separate property rules of Spain

Explanation / Answer

Option C is the Correct option as now they have the domicile of Florida which is In US , Thus where the person is belonging he will file the return of that particular state or country. Thus The 15000 Rental income should be under the Separate property rules of Florida.

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