Rental Property sold in VA, live in CA, how to report house sale in CA taxes?

[kkarrancsu]

I moved to CA in 05/2021, and I sold a rental property located in VA on 09/2021.  I lived in MD from 01/2021 - 05/2021! 

In the CA state taxes part of TurboTax, I have the option of reporting the house sale as a Home Sale Gain Realized , or as a Capital Gain (Sch D-1 line 7 or 9).  Which one should it be? Does it matter?  Maybe not b/c my  understanding is that in CA capital gains are taxed as income anyway, but thought I'd check.

[ColeenD3 · Accepted solution]

Was this your primary home and did you meet the exclusion? If so, it is a "Home Sale." If it was a rental property, it is neither of the above and needs to be reported in such a way that depreciation was recaptured.