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"
You'll need to sign in or create an account to connect with an expert.
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
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
latefiler5
New Member
bbbecky31
New Member
redmoose
New Member
Rocketman1963
New Member
VAer
Level 4
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.