Saale of CA residence

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  • Duane Anderson
    Member
    • Jan 2010
    • 88
    #1

    Saale of CA residence

    Does a CA residence get the same tax exclusion on their CA return, for the gain on the sale of their residence, as the federal return (MFJ up to a $500,000 exclusion)? Thanks,,,Duane Anderson
    Tags: None
    • Roland Slugg
      Senior Member
      • Aug 2006
      • 1860
      #2
      Originally posted by Duane Anderson
      Does a CA residence (sic: "resident") get the same tax exclusion on their CA return, for the gain on the sale of their residence, as the federal return (MFJ up to a $500,000 exclusion)?
      Yes. California follows the federal law about that.
      Roland Slugg
      "I do what I can."

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