topic edit: commented on wrong thread sorry in Investors & landlords

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

terryclark45 — Tue, 04 Jun 2019 20:24:40 GMT

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

Coleen3 — Tue, 04 Jun 2019 20:24:41 GMT

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.

justinsp125 — Tue, 04 Jun 2019 20:24:43 GMT

edit: commented on wrong thread sorry