Hello,
I sold a real estate property in South Korea last year, and I'm working on the US tax return. I have a question regarding CA state tax. I heard that if I was living in California at the time of the sale, I'm in the double taxation situation and I need to pay the tax for the sale in CA state tax. But if I was living in Arizona, for example, there's no double taxation for the state tax. I think this is related to US – Korea Tax Treaty, and I'm trying to confirm if TurboTax understands that it should calculate differently state by state.
I'm currently seeing the calculated number for both Federal and CA state in TurboTax, but really curious if the number is correct and if it's the safe assumption that TurboTax is smart enough to understand these – US - Korea Tax Treaty and some states fall into double taxation and some states don't.
Thank you in advance.
