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Deductions & credits
Thank you for your reply. My contract with the builder says that he is my agent and acting according to my decisions. I have receipts for everything. I am itemizing and taking the sales tax option, not state income tax.
My concern is really around the difference between the sales tax rates in the 2 states and the fact that I am living in FL as the home in the other state is being built. Plus it is a 2nd home so I will be spending time in both after it is finished. Since the FL tax rate is 6% + 1% for local city/county taxes = 7%, and the other rate is 6%, seems to me like I should be able to at least deduct the taxes in the other state at 6%, since it is not more than FL.
March 27, 2023
6:02 AM