Using the CD windows 2020 TT version. We sold our Florida vacation condo in 2020 and made say 75K profit. Turbotax has us paying a bunch of capital gains on it as I expected but when I start my Michigan taxes it has taken note of it and is saying I may have to pay a penalty because of it? 1) if the condo is not in Michigan do I have to pay taxes on the sale in Michigan? 2) why should I be penalized for profit of an unforeseen transaction?
Any help would be really appreciated.
Ed
