Question

CA tax return required?

Forum|Forum|3 years ago
January 11, 2023
1 reply
0 views

My wife and I moved from CA to TX in December 2021. In February 2022, we sold our former home in CA. The capital gain on the sale was well below the $500k exclusion for married joint returns, and we have no other CA-source income in 2022. Thus, our 2022 CA tax liability should be zero. Do we still need to file a CA tax return?

T

TomD8

Employee

CA follows the federal rules for the capital gains exclusion on the sale of your primary home. If you were a full-year non-resident of CA, and your capital gain is excluded at the federal level, and you have no other CA-source income, there is no need for you to file a CA tax return.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.