Selling a house in OR, California resident

[MaybeBabyMustache]

I'm hoping there is a quick answer to this question, but if the experts think we need to consult an accountant, please share that as well.

We are selling a vacation home in Oregon, and currently live in California. If you are not a resident of Oregon, it appears you need to file a tax form at closing, & pay the Oregon capital gains. However, there is also a check box option for an exemption to this process...

"Transferor is a resident of Arizona, California, Indiana, or Virginia, and expects zero Oregon tax because of credit for taxes paid to their home state."

I've done some Googling, and am still unclear if I should first pay OR at time of closing, & then receive a credit from California, or if the reverse is true, & I should check the box for an exemption to paying in Oregon, because I will pay California on 4/15.

Thoughts?

[sailinlight]

I'm definitely not an expert, but if I had to make a choice I would check the box and make sure in the closing documents it doesn't have any tax withheld to Oregon. It seems that Oregon has some sort of reciprocal agreement with California for this situation. Did you ask the closing agent?

[MaybeBabyMustache]

@sailinlight - unfortunately, the agent & escrow company (that provides/requires the form) will not provide any information at all, and recommended I consult a CPA