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Sold a second home in Florida, why does TurboTax say I have to pay capital gains in michigan
I sold my home in Florida and received capital gains. Turbo Tax is reporting these capital gains on my Michigan Form 8949. But when I read the instructions for MI Form 8949 it specifically says that "gains from the sale of non-business property in another state are not subject to tax." So how do I remove this capital gain from my MI state taxes? There is a place where I can zero it out - is that all there is to it?
Thank you,
GV
March 20, 2024
7:58 PM