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Do I have to file an OR return if I live in CA, selling second home in OR, also what will happen on my CA return, don't they import capital gains from my Federal?

I live in CA.  3 years ago I bought a condo in OR for my daughter to live in.  She has moved to another state and I am selling the condo.  Do I have to file a state of Oregon return.

What will happen with my CA return, it imports capital gain information from my federal return?

Can Turbo Tax handle the CA return?  I don't want to pay in both states.

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Do I have to file an OR return if I live in CA, selling second home in OR, also what will happen on my CA return, don't they import capital gains from my Federal?

"Do I have to file a state of Oregon return."

Assuming you have a gain on sale that's greater than the amounts listed here:

http://www.oregon.gov/DOR/programs/individuals/Pages/file-requirements.aspx#part

then the answer is "Yes."

"What will happen with my CA return, it imports capital gain information from my federal return?

Can Turbo Tax handle the CA return?  I don't want to pay in both states."

You will report the gain on sale in both states.  The way you avoid being "double taxed" is by taking a tax credit on your California income tax return for the taxes paid to Oregon.  Obviously you need to prepare your Oregon income tax return first reporting your "Oregon-sorced" income; presumably that's only the gain on sale of the condo.

Tom Young

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1 Reply

Do I have to file an OR return if I live in CA, selling second home in OR, also what will happen on my CA return, don't they import capital gains from my Federal?

"Do I have to file a state of Oregon return."

Assuming you have a gain on sale that's greater than the amounts listed here:

http://www.oregon.gov/DOR/programs/individuals/Pages/file-requirements.aspx#part

then the answer is "Yes."

"What will happen with my CA return, it imports capital gain information from my federal return?

Can Turbo Tax handle the CA return?  I don't want to pay in both states."

You will report the gain on sale in both states.  The way you avoid being "double taxed" is by taking a tax credit on your California income tax return for the taxes paid to Oregon.  Obviously you need to prepare your Oregon income tax return first reporting your "Oregon-sorced" income; presumably that's only the gain on sale of the condo.

Tom Young

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