I own property in both states and, can change my residence to either ca. or fl. i'm trying to find the best location to lesson my tax burden
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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
https://www.ftb.ca.gov/individuals/filertn/nonresidents-part-year-residents.shtml#how_taxed
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
https://www.ftb.ca.gov/individuals/filertn/nonresidents-part-year-residents.shtml#how_taxed
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