Robin D : Hello and thank you for using Just Answer,You would be a part year California resident but that is California property so the tax would not be lessened.
Robin D : California would tax as longterm holding. The CA Schedule D would be used
Robin D : The gain would not be any different then the Federal gain amount and is calculated the same.
Customer : Thanks. What is CA's long term tax rate?
Robin D : tax capital gains as high as 13.3%
Robin D : California (as I advised previously is one of the highest)
Robin D : Thi sis a follow up
Robin D : you are not required to rate again.
Robin D : If you have another question about this specific subject just post it under the original.
Robin D : When you have a different tax question, when you visit your question homepage, you’ll see a link to request me again. This link displays and works whether I am online or offline.
Customer : OK. So if I am in 15% **FEDERAL** tax bracket or lower CA would tax me zero%?
Robin D : California will tax you at your regular tax rate if you are in the federal bracket of 15
Robin D : Sorry for delays
Robin D : system seems sluggish
Customer : Actually, I will be higher than 15% FEDERAL rate so it looks likes CA will tax it my regular tax rate.
Robin D : Yes
Customer : OK
Customer : I won't rate you. Correct?
Robin D : I know you already thought about it but if you could have held on for just a few more months
Robin D : You do not have to
Robin D : This is the same question you already rated
Robin D : thanks for that rate