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lb93
Level 2

is sale of CA principal residence after moving to vermont taxable in CA as a CA source gain to a non resident

I can see a CA-AZ answer to this.   What about CA-VT? 

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1 Reply
TomD8
Level 15

is sale of CA principal residence after moving to vermont taxable in CA as a CA source gain to a non resident

A capital gain on the sale of property located in CA is taxable by CA, even if the seller is a non-resident of CA.   It is also taxable by the individual's state of residence at the time they receive the proceeds of the sale.

 

The resident state will give a credit for the tax paid to CA, so as to avoid double taxation.

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

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