Hello,
I am not a resident of CA and I sold a CA property in 2023 as an installment sale where I provided seller-financing with a Deed of Trust. In TurboTax Federal it told me to enter that as an installment sale and it calculated tax for the long-term gain for the amount of principal I received in 2024. However, when I complete the CA state return it is not recognizing any taxable event for the installment payment I received in 2024, showing CA tax due of $0, which I believe is incorrect. My former tenant was required to withhold part of the payment and submit it to the FTB, so I am pretty sure I owe taxes.
How do I get TurboTax to properly handle my installment sale of a home in CA? Not sure if this is a bug in TurboTax or I am doing something wrong.
