Subject: California Tax Liability
Date: Tue, 07 Jan 2003
Hi Mike -- After my wife and I move to Nevada, our primary income with be interest derived from the carry-back of property which we recently sold in California. I believe that any capital gain from the sale is subject to California taxes. Is the interest income also taxable in California?
Date: 04 Apr 2003
The interest will not be taxable by California. See FTB Publication 1100, Taxation of Nonresidents and Individuals Who Change Residency.
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