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taxstuff
Level 2

CA state tax selling primary residence

If my spouse and I have owned and lived in our house for at least two years, then we we also get the $500,000  exclusion from California state tax like from Federal tax?  Thank you,

2 Replies
DoninGA
Level 15

CA state tax selling primary residence

Yes, the CA exclusion follows the federal exclusion rates and length of time of living in and owning the personal residence for CA residents.

taxstuff
Level 2

CA state tax selling primary residence

If living in the house for less than two years, there are some federal exceptions, such as job location change more than 50 miles away, etc., for partial exclusion. Does California also follow this?  Thank you.

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