Sand Shark
Well-known member
- May 5, 2021
- 4,760
- 5,184
Just thinking of moving my primary residence to Nevada or somewhere else to avoid CA taxes, is it easy?
Can multiple people become partners and spread the cost out, for example 4 people buy into a home in another state, and we all move our primary residence to this house, is this possible? I work remote and so does my wife, the company has no idea where I am. At this point, I would put $100k into something to avoid State taxes and possibly the new Gas mileage tax. 4 peeps with $100k by a $400k house??? Heck, I am paying $20k a year in State income tax, and then add car registrations and such, it would pay off fast.
You would have to let your company know you changed primary residence to Nevada otherwise your paycheck will still be taking out CA state taxes. Also I would check with a CPA or tax expert to see if you are still subject to CA taxes as a non-resident - meaning if you do business in CA you could be subject to non-resident taxes.