I moved to California in 2016. I’m holding Amazon RSUs vested before 2016, when I was in Washington. Value at vest was 80k. They’re more than 400k now. If I sell, do I need to pay state tax on entire gain amount? I’m moving to Austin next month. Should I sell after I move there? anyone who went through something similar? I’m on H1B.
Don’t sell in California. But note that you can’t sell outside California at diff tax rate without staying there for minimum half a year and meeting some other conditions. If your need is immediate it may not matter.
Do not sell California. Do not sell in a YEAR where you were a California resident AT ALL. Even if you move in January and want to sell in December, don’t.
You made out like a bandit SELL SELL DIVERSIFY
After moving to Austin and waiting until the new year.