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Level 2
January 29, 2020
Solved

CA resident with sale of real property in FL

  • January 29, 2020
  • 1 reply
  • 16 views

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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Best answer by Just-Lisa-Now-

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

1 reply

Just-Lisa-Now-
Intuit Community Champion
January 29, 2020

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

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
YLCPAAuthor
Level 2
January 29, 2020

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

itonewbie
Level 15
January 29, 2020

@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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