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Returning Member
posted May 1, 2024 7:39:56 PM

Capital gains before moving to California

I will soon be moving from WA to CA. As of right now, I have over 100k in unrealized long term capital gains. I intend to buy a property eventually by selling shares and was wondering if I will have to pay state taxes in CA if I sell them before I move? I can sell the shares in May while I will be moving to CA in June.

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1 Best answer
Level 15
May 2, 2024 6:00:02 AM

Q. Will l have to pay state taxes in CA if I sell them before I move?

A. No. 

 

Your interpretation of the rules is correct; for state tax purposes, a part year resident of two states reports the capital gain based on where he was living when the gain was "realized". 

2 Replies
Level 15
May 1, 2024 9:20:34 PM

sell before you establish domicile in California.  

Level 15
May 2, 2024 6:00:02 AM

Q. Will l have to pay state taxes in CA if I sell them before I move?

A. No. 

 

Your interpretation of the rules is correct; for state tax purposes, a part year resident of two states reports the capital gain based on where he was living when the gain was "realized".