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CA resident with sale of real property in FL

YLCPA
Level 1

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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Just-Lisa-Now-
Level 15
Level 15

A CA resident gets taxed on worldwide income, so yes.


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3 Comments 3
Just-Lisa-Now-
Level 15
Level 15

A CA resident gets taxed on worldwide income, so yes.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
YLCPA
Level 1

Yes, CA will tax.  I was more concerned whether there's anything I need to file with FL.

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itonewbie
Level 15

@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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