Discussion:Sale of California Home

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(Hmm, sources say)
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Someone about to become my tax client sold a house in 2005 in California and got a letter asking for 21K in taxes on gain on the sale of the home, does the 250K exclusion on the sale of a home for a single taxpayer drop down to California state? I'm about to dig into my software and see if there's a specific form but wanted to give him an answer ASAP, thanks!}} Someone about to become my tax client sold a house in 2005 in California and got a letter asking for 21K in taxes on gain on the sale of the home, does the 250K exclusion on the sale of a home for a single taxpayer drop down to California state? I'm about to dig into my software and see if there's a specific form but wanted to give him an answer ASAP, thanks!}}
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 +{{ForumReplyPost|UserID=Donniecastleman|Date=16 February 2009|Text=Hmm, sources say no from what I'm reading.}}

Revision as of 12:10, 16 February 2009

Discussion Forum Index --> Advanced Tax Questions --> Sale of California Home
Discussion Forum Index --> Tax Questions --> Sale of California Home

Donniecastleman (talk|edits) said:

16 February 2009
Hi California preparers,

Someone about to become my tax client sold a house in 2005 in California and got a letter asking for 21K in taxes on gain on the sale of the home, does the 250K exclusion on the sale of a home for a single taxpayer drop down to California state? I'm about to dig into my software and see if there's a specific form but wanted to give him an answer ASAP, thanks!

Donniecastleman (talk|edits) said:

16 February 2009
Hmm, sources say no from what I'm reading.