I am a California resident who used to be a Pennsylvania resident.
I still own the Pennsylvania condo apartment I used to live in. But I have not been there, nor anywhere else in Pennsylvania, since 2012.
The Pennsylvania condo has never been rented out, nor lived in by anyone else since I have owned it. It still contains everything I owned when I lived there except for some clothing and personal papers.
I have owned my California home since 2003, and it qualifies as my principal residence if I were to sell it.
I may sell the Pennsylvania condo within a year or so, and expect a substantial loss.
I understand the capital loss is not deductible on my federal income tax because it is a loss on a capital asset held for personal use. Is it deductible on my California income tax?
California follows federal law unless there’s a specific California provision that states otherwise. I can find nothing in California law that allows a capital loss on the sale of property held for personal purposes.