So should I send the quarterly estimated tax payments to OR and let the CA taxes come out in the wash (since we'll still be paying some CA tax through his new W2 job) or send them to both and split them between the two states?
Thanks, terran, for the heads up on the self employment taxes. That would hurt to not account for them but we've got those covered. I was self employed for several years so knew how to account. Right now, we basically put half the severance payment in savings for taxes and when we figure the quarterly amount to pay each quarter (because he has also been doing actual, real consulting for other companies), sweep the rest into investments. So far, it's been about 30% between fed, state and self employment (they with held a ton from the initial lump sum...). I'll have to calculate again to account for the new job income and whatever taxes they're with holding... and the state split...
I normally do our taxes and have no problem with the rental properties, self employment and other investment items that come up but 2018 might be the year I hire a professional.