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State tax on Capital gains through ESPP from Oregon employer

Moved to California from Oregon - on Aug 

Sold my ESPP stocks on Nov - Should I pay the state tax on the stocks sold both for california and oregon.

California says it will tax whatever income when you are a california resident 

Oregon state say they will tax what ever is from oregon source of income 

california does not allow "other tax credit if it is taxed by oregon"

 

 

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2 Replies
DianeC958
Expert Alumni

State tax on Capital gains through ESPP from Oregon employer

Since you moved to Oregon in August and did not sell the stocks until November the Gain/Loss is taxable only in Oregon.  Do not report the sale of the stocks on your California part year resident return.

 

Investment income i.e. Stocks, Bonds, Interest, Retirement etc are only taxable to the resident state where you live when you receive the income.

 

Taxes and Moving to a New State

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State tax on Capital gains through ESPP from Oregon employer

I guess what you meant was :

I moved to California on August - so i guess i should NOT report that to my Oregon state tax

When i sold the stocks, i was in California so I should report it to California only 

 

Since Investment income is only taxable  to the resident state where you live when you receive the income.

 

 

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