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Nonresident California Sales Tax on Real Estate Sale
Nonresident California Sales Tax on Real Estate Sale
I am looking to sell a property in California at a $160k gain. I live in OREGON and never have lived in California.
I visit once a month for 7 days for the last two years I have owned the condo in San Diego.
I understand that there is no capital gain tax rates in California and that rather the sales tax rate is applied
(1-13%).
I am a nonresident of California but I'm not sure what the sales tax rate will be or and if I will be taxed on my AGI or just the profits from the real estate sale ($160K).
Any help would be greatly appreciated! Thank you.
May 19, 2023
2:58 PM