I bet there must be more than a handful of ex-Californians here.
I am a California resident now but plan to move out of state when I ER next year.
My question is this: suppose after I ER, I keep a rental property in CA and collect a yearly rent of $30k. What is the CA tax rate on this rent?
This $30k will be the only income that is sourced in CA. Do I pay tax based only on this $30k on the CA tax return?
I think CA is known for its aggressive stance against ex-residents that I think it must be something more. Could the return be somehow also based on other factors in my federal return?
Thanks.
I am a California resident now but plan to move out of state when I ER next year.
My question is this: suppose after I ER, I keep a rental property in CA and collect a yearly rent of $30k. What is the CA tax rate on this rent?
This $30k will be the only income that is sourced in CA. Do I pay tax based only on this $30k on the CA tax return?
I think CA is known for its aggressive stance against ex-residents that I think it must be something more. Could the return be somehow also based on other factors in my federal return?
Thanks.