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pete137
Returning Member

Capital Gain Tax

Hi,

  My residence is at NV, but I work at CA.  I know I have to pay state tax for the income, but do I have to pay capital gain tax in CA if I gain some capital? (ex. Sold stocks).  I do not have a residence in CA; I just commute from NV to CA.

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2 Replies

Capital Gain Tax

With regard to the sale of stock, if you were a non-resident of CA at the time you received the proceeds, the gain is not taxable by CA.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
Hal_Al
Level 15

Capital Gain Tax

 Q. Do I have to pay capital gain tax in CA if I Sold stocks.

A.  No. Only income earned in CA is taxable by CA. 

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