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Updated almost 7 years ago on . Most recent reply

Matt Smith's profile image
Matt Smith's profile image
Matt Smith
  • from Santee, CA
  • Member since Aug 7, 2017
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Matt Smith's profile image
Matt Smith's profile image
Matt Smith
  • from Santee, CA
  • Member since Aug 7, 2017
Connect
Matt Smith
  • Santee, CA
0
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13
Posts
Buying & Selling Real Estate

121 exclusion. State or Federal law?

Matt Smith
  • Santee, CA
Posted

Is the 121 exclusion a federal tax law or a state tax law.  Someone asked me this and I always just assumed it was a federal law.  If this is the case, would you still be subject to the state capitol gains tax.

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