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Reply to "Second home in a different state- anything to consider?"
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[quote=Anonymous]LOL California's Franchise Tax Board is going to nail your brother's butt to the wall. You brother needs to work closely with accountants or tax attorneys in BOTH states to figure out (1) how to sever ties with California and (2) how to establish bona fide residency in the new state. If you brother is going to keep the California house, it will be very difficult to escape California taxation. The state will straight up put a lien on his house if he doesn't pay his state taxes. [/quote]
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