I have a friend who sold his property in California. He was not a California resident, but they still witheld tax on the sale of his property there. I suppose it could be called a California tax on capital gains... As he was not a resident of California, it could not be called a tax on income. I think they call it a "francise tax" in California.
11 posted on 11/08/2018 8:18:40 AM PST by marktwain
(President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
Out of state? I can see that. But exemption #1 is “The property is the Seller’s principal residence”. That’s going to apply to nearly everyone who is selling and moving out of California.
13 posted on 11/08/2018 8:23:27 AM PST by CatOwner