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    pavrnpd's Avatar
    pavrnpd Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 28, 2008, 08:41 AM
    State taxes on stock option exercise after leaving US
    Hello,

    I was working for a CA based IT company since 2001. I left the company in January 2007 and moved to France for education. I sold my stock options from the company in February and March 2007. My question is will I have to pay California state tax on the proceeds from the stock options. I guess I do have to pay federal taxes on it.

    Thanks
    Amit
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 16, 2008, 01:44 PM
    Amit:

    You DO have to pay U.S. income taxs on the income, but NOT California taxes as you were NOT a California resident when you sold the options.
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