I'm moving out of California to avoid paying taxes on my Tesla stock gains - can they still come after me?

A Californian Redditor with $10 million in unrealized capital gains from Tesla shares contemplates moving out of California to escape high capital gains taxes. The discussion emphasizes the importance of consulting a financial advisor or tax attorney about the implications of such a move. Some commenters shared personal experiences of relocating to avoid taxation. It's critical to fully establish residency in the new state and sever ties with California to avoid scrutiny from tax authorities. Properly managing this transition is key to maximizing financial benefits from their investments.

Moving out of California can potentially lead to significant savings on capital gains taxes, but it's essential to consult a tax attorney to ensure compliance with state laws.

Redditors sharing their experiences indicate that establishing a new residence in a no-income-tax state can help avoid high capital gains taxes accrued while living in California.

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