Selling Primary residence in Florida and moving to California

[kiki16]

If i sell my primary residence in FL mid year, then move to California,

for next year when i do taxes, do i have to pay capital gain tax only in FL (federal level since no state income tax), or will i need to pay also California state income tax on the capital gain?

[tagteam · Accepted solution]

You will be a part-year resident of California and taxed as such.

See https://www.ftb.ca.gov/file/personal/residency-status/part-year-and-nonresident.html

Note that the key here is "sell then move".

[kiki16]

right, so as long as sale occurred before moving to CA, the sales gain tax will be only applied on federal level since it was during the FL residency.

[tagteam]

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@kiki16 wrote:

right, so as long as sale occurred before moving to CA, the sales gain tax will be only applied on federal level since it was during the FL residency.

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Exactly, except do not forget about the home sale exclusion since this is your primary residence.

See https://www.irs.gov/taxtopics/tc701