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Deductions & credits
It depends. If you sell personal property for a gain, you will owe federal and Pennsylvania income tax. Pennsylvania residents are taxed on income earned everywhere.
Florida has no income tax, so you will not owe income tax to Florida.
If you sold the property for a loss, you cannot deduct the loss on your federal or Pennsylvania income tax return.
What if I sell my home for a loss?
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‎January 31, 2023
4:15 PM