Avoiding California State Tax on an IRA?

Question

I'm selling my business and moving to NV.
What do I need to do and what I shouldn't do? When do I sell my business? When do I move?

Answer 1

If you live in CA and sell the business you will be taxed on any gain in the state. If you lived in NV and sold the stock ownership of the business you would pay NV tax on the gain not CA tax. If you lived in NV and sold the assets of the business in CA you would pay CA tax on any gain.
The IRA is only taxable as you take distributions out of the account. You are taxed in the state where you lie when you take distributions.

Answer 2

Sell your business and move whenever you like. Your IRA isn't taxed when you sell your business or move.

When you make Nevada your residence you can make withdrawals from your IRA and avoid California taxes on the withdrawals but make sure you weren't a resident of California for even part of the year you make your withdrawals.