My question involves real estate located in the State of: Indiana
Considering selling bare land in IN, but have residency in California, would I need to pay capital gain taxes in IN only, or would I need to pay CP taxes for the state of CA too?
Second part of the question, to off-set the capital gains I would consider making a contribution to a Foundation or a Donor-advised Fund. Would any fund paperwork need to be filed prior to close of land sale? (Or do you just need to make a contribution to a fund/Scholarship before taxes are due for that same sale year?)