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Posted by Katie on April 12, 2008, 5:21 pm
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On Apr 12, 1:51 pm, rdad...@panix.com (Dick Adams) wrote:
> > I believe these are all current, although I haven't checked in a
> > while.
> > CA allows credit to residents of AZ, OR, IN, VA, and Guam.
> > AZ allows credit to residents of CA, OR, IN, VA, and DC.
> > OR allows credit to residents of AZ, CA, IN, and VA.
> > IN allows credit to residents of AZ, CA, OR, and DC.
> > VA allows credit to residents of AZ, CA, OR, and DC.
> > And I presume, although I don't know for sure, that Guam
> > allows credit to residents of California.
>
> Why would someone living in another State or a foreign
> country not terminate their CA residency - other than a
> temporary move or a MFJ return?
>
> Dick
Lots of us like to live in California. Our weather may be boring, but
we never have to shovel it!
In order to become a nonresident of California, you have to move
somewhere else with the intention of staying there for a long or
indefinite period of time. (That's true of most other states as
well.) I can't tell you how many client's I've counseled over the
years who wanted to move to Nevada and sell the stock in their
California business. Some of them changed their minds when they
realized that they had to REALLY move to Nevada -- just buying a
house, registering to vote and getting a driver's license in Nevada
wouldn't do it. You have to actually go there and stay there.
However, here we were talking about nonresidents of California who
have CA source income, either from working in California or from
California property. Terminating your residency won't get you out of
California's (or any other state's) tax if you still have income from
California sources.
Katie in San Diego
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