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
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
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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