Thinking of selling your California property as part of your big New Year’s reset? Before you tie a bow on your home sale and move to your next adventure, don’t forget—California might still have a little "gift" for you: capital gains taxes. Even if you’ve officially left the state, California can tax the profits from your property sale because the income was generated within its borders. This rule applies whether you’re moving a few states over or clear across the country, so it’s worth factoring into your plans.
If your property was your primary residence, you might be able to take advantage of some tax exclusions that could help reduce your tax burden. Understanding these details will help you make smarter decisions as you ring in the New Year, and we’re here to make sure you don’t face any unexpected surprises! We’ll guide you through the process and connect you with trusted tax professionals who can provide personalized advice. Our goal is to make your fresh start as smooth and stress-free as possible.
New Year, New Home—California’s Got a ‘Present’ for You!
