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CA Taxes: Buying and selling in less than 2 years?


I am from California and want to know the amount they tax you when you buy and sell before you have owned it for 2 years? Is it 3 1/3%?

Ask a local tax advisor.
Real Estate Main Home One year or less STCG
More than one year LTCG taxed at 5% or 15% after any exclusion amount
California taxes ordinary income at the same rate as capital gains. - I believe the highest income tax rate is 9.3% and it doesn't require a very large income to be in the top bracket.
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