Installment sale

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  • Ed Taxes
    Junior Member
    • Feb 2007
    • 18

    #1

    Installment sale

    Client moves from California to Nevada two yers ago. While in california, he sold some company stock and is being paid on an installment sale. Is that now taxable to Ca?
  • Chief
    Senior Member
    • Jun 2005
    • 799

    #2
    Yes

    That stock remains income subject to Calif. tax.

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