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A Nevada resident sells a property in CA. Whatever profit he…

A Nevada resident sells a...
A Nevada resident sells a property in CA. Whatever profit he makes on sale in CA is taxable by CA FTB, correct?
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Answered in 7 minutes by:
3/14/2018
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 32,692
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Yes.

That is correct.

The gain realize from the property located in California - is income from California sources - and as such it is taxable for that state regardless of residency.

So Nevada resident will file California income tax return as a nonresident - and will be taxed ONLY on income from California sources.

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