In 2017, if you can establish that you worked and lived in NV as a resident. Prior to the sell of a home in CA. You're not responsible for taxes at the federal level. But you are responsible for taxes at the 13.3% CA state level. If longterm taxable capital gains are $551,000 and over. If it's not at or over the threshold upon applying the tax exclusion. Then longterm capital gains would default to 0. And you will owe nothing - correct? If I'm inaccurate would the amount owed be under 13.3%? My question is what is owed if the longterm capital gain tax is under $551,000?
