I live in California and own rental property in FL. I will sell the property w/ capital gains. In addition to the Fed tax (15% in my case), what will I owe in CA and FL?

[mitch-d-mcintyre]

I live in California and own a rental property in Florida. I'm selling the property and will have capital gains. In addition to the Federal capital gains tax (15% in my case), what will I owe in California? Do I have to pay an additional CA and FL capital gains taxes?

[Coleen3]

Since your state of residency is CA, you will have taxable income for the state. The rate will be based on your tax rate per your income. However, there is no state income tax in FL, so you will not even need to file a form.

https://www.ftb.ca.gov/forms/2017-California-Tax-Rates-and-Exemptions.shtml