Capital gains, moved 9/30/22 to Fl and established Fl residence, sold my Ca house 11/2/22 a month after moving to Fl. Do I owe Ca capital gains tax on the sale seeing I was a resident of Fl when the sale occurred.

Pete-45 — Mon, 23 Feb 2026 09:52:55 GMT

Re: Capital gains, moved 9/30/22 to Fl and established Fl residence, sold my Ca house 11/2/22 a month after moving to Fl. Do I owe Ca capital gains tax on the sale seeing I was a resident of Fl when the sale occurred.

Hal_Al — Sat, 28 Jan 2023 22:47:20 GMT

Yes. The gain on the sale of property, located in CA, is CA source income.

But you may qualify for the home sale exclusion. CA follows the federal rules.

You do not have to report the sale of your home if all of the following apply:

Any gain over $250,000 is taxable.

Married/RDP couples can exclude up to $500,000 if all of the following apply:

Your gain from the sale was less than $500,000
You filed a joint return for the year of sale or exchange
Either spouse/RDP meets the 2-out-of-5-year ownership requirement
Both spouses/RDPs meet the 2-out-of-5-year use requirement
Neither you nor your spouse/RDP excluded gain from the sale of another home in the last 2 years