ErnieS0
Expert Alumni

Get your taxes done using TurboTax

You’ll have to pay Vermont tax because the property was in Vermont.

 

Vermont income includes “gains from the sale or exchange of Vermont property, including the sale of timber or timber rights.”

 

Nonresident

 

File a nonresident Vermont tax return and a resident California return.

 

The capital gain will be taxed by both states so you can claim a credit on your CA return for tax paid to VT.

 

If you prepare the nonresident VT return first, TurboTax will move the numbers to your CA return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"