YLCPA
Level 1
01-29-2020
04:48 PM
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Does a CA resident have to report the sale of real property in FL? The property was used as a 2nd home.
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Level 15
01-29-2020
05:02 PM
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A CA resident gets taxed on worldwide income, so yes.
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YLCPA
Level 1
01-29-2020
05:06 PM
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Yes, CA will tax. I was more concerned whether there's anything I need to file with FL.
itonewbie
Level 15
01-29-2020
05:31 PM
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@YLCPA wrote:
Yes, CA will tax. I was more concerned whether there's anything I need to file with FL.
No, there's no individual income tax in FL; FL-source capital gain is, therefore, not taxable to FL.
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