Contact UsIf you own a property in CA, and sell it, but your primary residence is in Maryland, which state is the seller subject to paying state capital gains taxes?
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Tax Professional Answers
Randy Tarpey
The seller would most likely file a nonresident California return and pay capital gain state tax in California. On the sellers Maryland return the seller would again calculate capital gains tax in Maryland but also calculated a tax credit for the California tax paid. The seller would need to submit a signed California tax return to Maryland in order to avoid most or all of the capital gain tax in Maryland on this transaction.
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381 weeks ago