Capital gains tax for selling a CA home after moving to CT?

[taxfilinguser]

I am moving from CA to CT, and plan to:

(1) First, buy a new home in Connecticut.

(2) Next, move to my new home in Connecticut.

(3) Finally, sell my current California home, which has been my primary residence for 5+ years (I never rent it out).

So my questions are:

(a) If my capital gain of selling the California home is < $250,000, do I need to pay any federal, CA, or CT tax?

(b) Would being a residence or non-residence of CT make any difference regarding the capital gain tax mentioned in (a) above?

[Bsch4477 · Accepted solution]

Since there is no gain the sale wouldn’t even have to be reported at all if you don’t receive a 1099-S. In any event no gain means no tax implications. 

[taxfilinguser]

Thank you so much @Bsch4477!

Just a follow-up question: actually there will be gain, just that the gain < $250,000 (for example, I bought it for $350,000 and sell it for $450,000, so there will be gain of $100,000) - would this change your advice?

[Bsch4477]

The “gain” is excluded so there’s no taxable gain. 

[taxfilinguser]

@Bsch4477 Got it and thank you very much again!