I will be selling my house in California. I know I have to pay capital gains on the sale. I heard that if
you are leaving California and planning on not returning there will be another tax of about 3%. If this is true are their any legal ways to avoid this tax. Thank you
Hi Sam,
I would highly reccomend that you talk to an accountant . We as Realtors are experts at listing and selling homes. Accountants/Attorneys will give you the best advice in these areas.
Amy Mosley
949-315-9326
http://www..servingsouthorangecounty.com
Hi Sam,
You must have been filing you income tax from Oregon the last 3 of five years so you know you pay capital gains. I myself have never heard of the 3% additional tax you are speaking of. I just left a message for the best tax CPA I know to find that answer as I surely want to know! I will post my findings when I get them.
Thanks for the great question!
Connie Bramble
714-337-8718
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