California Tax Return

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  • DaveinTexas
    Senior Member
    • Jan 2006
    • 731

    #1

    California Tax Return

    I do about 2 of these a year.

    Does the state law follow the federal law regarding the exclusion of gain on your primary residence?

    They have lived in the home since 2001 and sold it in 2005.

    Any help is appreciated.
    Circular 230 Disclosure:

    Don't even think about using the information in this message!
  • S T
    Senior Member
    • Jun 2005
    • 5053

    #2
    Calif Sale of Residence

    Yes, Calif law follows Fed for Sect 121.

    Sandy

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    • DaveinTexas
      Senior Member
      • Jan 2006
      • 731

      #3
      Perfect

      Thank you very much.
      Circular 230 Disclosure:

      Don't even think about using the information in this message!

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