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If i live in florida and sell a rental house in california do i pay california tax

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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Coleen3
Intuit Alumni

If i live in florida and sell a rental house in california do i pay california tax

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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2 Replies
Coleen3
Intuit Alumni

If i live in florida and sell a rental house in california do i pay california tax

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

If i live in florida and sell a rental house in california do i pay california tax

edit: commented on wrong thread sorry
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