Coleen3
Intuit Alumni

Investors & landlords

Yes, unfortunately.

You will file as a non-resident and be taxed only on the gain.

How California taxes residents, nonresidents, and part-year residents
  • California residents - Taxed on ALL income, including income from sources outside California.
  • Nonresidents of California - Taxed only on income from California sources.
  • Part-year residents of California - Taxed on all income received while a resident and only on income from California sources while a nonresident.

https://www.ftb.ca.gov/individuals/filertn/nonresidents-part-year-residents.shtml#how_taxed

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