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Level 3
April 17, 2023
Question

CA income double taxed

  • April 17, 2023
  • 2 replies
  • 10 views

Client is a resident of OK. Sold a house in CA that was her prior residence. Received the $250,000 exclusion, but still owed tax. Both CA and OK want to tax her on the gain. Is there any offsett in either CA or OR  returns? I have looked but can't find anything.

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2 replies

Level 10
April 17, 2023
PhoebeRoberts
Intuit Community Champion
April 18, 2023

If you really mean OKlahoma, and not ORegon, you just make an entry for Out of State Long Term Capital Gains in Screen 51.041. OK doesn't permit an Other State Tax Credit in this situation.