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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A CA resident gets taxed on worldwide income, so yes.
A CA resident gets taxed on worldwide income, so yes.
Yes, CA will tax. I was more concerned whether there's anything I need to file with FL.
@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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