2006-11-01 07:17:47 · 4 answers · asked by marty g 1 in Business & Finance ➔ Taxes ➔ United States
For Federal income taxes, the state you are in doesn't matter. For state tax purposes, it depends on the state. In any case, you only pay capital gains tax if you sell something at a gain.
2006-11-01 11:39:53 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
you will pay tax to the state that you were a resident of at the time you realized the capital gain. In the year of the move, you will file a part-year resident return for the state you moved from and the state you moved to, and allocate your income accordingly.
2006-11-01 15:52:56 · answer #2 · answered by jinenglish68 5 · 2⤊ 0⤋
Yes you do, just make sure you fill out a part year resident on your state tax return.
2006-11-01 15:24:29 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Only if you sell the property at a gain.
2006-11-01 15:23:22 · answer #4 · answered by waggy_33 6 · 0⤊ 0⤋