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Investors & landlords
Totally agree this "cannot" be a bug, it surely would have been found and fixed by now.
Yes, there is a different option for allocation type which is what I end(ed) up using: "N/A- Not Taxable to CA".
I truly wish TT would provide better explanation and examples.
Since it's in the same list of capital gains, what about my old CA house? Again, I moved out of CA in August to my new, current state but the home didn't sell until December. As I 'earned' this money while no longer a CA resident, there is an argument to be made of the gains (over and above the $250,000 exemption) to be taxed in my new state, not CA. Can you comment on that?
Yes, there is a different option for allocation type which is what I end(ed) up using: "N/A- Not Taxable to CA".
I truly wish TT would provide better explanation and examples.
Since it's in the same list of capital gains, what about my old CA house? Again, I moved out of CA in August to my new, current state but the home didn't sell until December. As I 'earned' this money while no longer a CA resident, there is an argument to be made of the gains (over and above the $250,000 exemption) to be taxed in my new state, not CA. Can you comment on that?
‎June 1, 2019
8:27 AM