You didn't mention if house sold was your principal residence.
CA conforms to the IRS rules and allow you to exclude, up to a certain amount, the gain you make on the sale of your home. You may take an exclusion if you owned and used the home for at least 2 out of 5 years.
During the 5 years before you sell your home, you must have at least:
- 2 years of ownership and
- 2 years of use as a primary residence
Ownership and use can occur at different times.
Individuals
You do not have to report the sale of your home if all of the following apply:
- Your gain from the sale was less than $250,000/$500000 for Married/Registered domestic partner (RDP)
- You have not used the exclusion in the last 2 years
- You owned and occupied the home for at least 2 years
CA Sale of your principal residence
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