As part of the Allocating Capital Gain or Loss section, I get asked a few questions for an individual sell:
* Earned/Rec'd from CA Source as if Nonresident for Full Year
* Allocation Type
* Earned/Rec'd While a CA Resident
* Earned/Rec'd from CA Source While a CA Nonresident
I'll use the following example for a small -$16 January sell. I moved TO California in October, so this sell occurred in Washington.
How does "California Source" apply to stocks?
In a real estate example, it's possible to earn money in California even though you're in another state. If you sell a property in CA, you made money in CA. Therefore, you could consider that a Californian source of income.
However, stocks aren't tied to an area. How should I answer these questions? For example: for "Earned/Rec'd from CA Source as if Nonresident for Full Year", shouldn't I put $0 because, if I were a non-resident, then the sell would be a non-CA source?
