Do i need to pay capital gain tax to state of idaho if i sold a real property in california state?

Forum|Forum|5 years ago
March 19, 2021
2 replies
28 views

Dual State (Idaho and California) tax on capital gain

Lacerte Tax

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Best answer by abctax55

Then I'd guess yes. Virtually ALL states tax their residents on ALL income. Most states have some kind of reciprocity with the other state that also taxes the sale due to nexus.

abctax55

Level 15

Are you a resident of Idaho, or CA? Or in transition?

HumanKind... Be Both

N

nora2Author

Level 2

Full year of ID resident in 2020.

abctax55Answer

Level 15

Then I'd guess yes. Virtually ALL states tax their residents on ALL income. Most states have some kind of reciprocity with the other state that also taxes the sale due to nexus.

HumanKind... Be Both

qbteachmt

Level 15

@nora2

Are you using Lacerte to prepare your taxes?

Or, are you using TurboTax?

This is a community for using Lacerte.

You seem to be lost on the internet.

You’ve come to a Peer User community for Intuit Tax Preparation products supporting tax preparation professionals using ProSeries, Proconnect and Lacerte , and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

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