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Thursday
Feb 09th
Home arrow Tax Tips arrow Investment Taxes arrow Properly avoiding CA tax
Properly avoiding CA tax E-mail
My wife and I retired with a portfolio of stocks purchased 20 or more
years ago. Since we live in California I understand that in addition
to the IRS 15% capital gains tax we must pay a 10% state tax on any
sales profit.
We are considering establishing our residency in Nevada which has no
state tax and then selling our stock. The big question is, if we do
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  • Newsflash
    AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday.
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