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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
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.
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