How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Ellen Your Own Question
Ellen
Ellen, Tax Attorney
Category: Tax
Satisfied Customers: 36714
Experience:  25 years of experience helping people like you.
9968427
Type Your Tax Question Here...
Ellen is online now
A new question is answered every 9 seconds

I currently live in California where I bought currency that

This answer was rated:

I currently live in California where I bought currency that will increase in value. I'd like to move to Texas before the end of the year, where I plan to exchange the currency with an increase in value. If I make the exchange after I move to Texas, will I have to pay capital gains tax in California?
Hello,

Thank you for your question. If my answer is not clear to you, please ask me for clarification by using the reply button.

You will not be required to pay a California capital gains tax provided you are a resident of Texas at the time of the sale
Ellen and other Tax Specialists are ready to help you