Does my client owe CA taxes - Spidell

Does my client owe CA taxes

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Message Board Does my client owe CA taxes

This topic contains 1 reply, has 2 voices, and was last updated by Lynn Freer 3 months, 1 week ago.

  • Author
  • #175685
    Leonard Cole

    My client was a CA resident in 2005 when she bought a rental in TX.  She moved to TX in April 2019 and sold the TX rental in June 2019.  Now that she is a TX resident and sold it as a TX resident does she owe CA prorated capital gains for the years she owned it as a CA resident?


  • #175708
    Lynn Freer

    If the t/p did not defer a gain from a CA property into the TX property and is a nonresident when it is sold, it is not subject to CA tax because it is not sourced to CA, nor is any deferred gain.