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Tax help for military filers
Yes, you need to file a nonresident return to report the home sale in Missouri. See the link for instructions. If you are able to exclude the gain on your federal return, you may not need to file the Missouri return. See the links below. Members of the military have special rules for excluding capital gains tax on home sales. TurboTax will handle the exclusion, just make sure your military information is included in the personal section.
Generally, you’ll need to file a nonresident state return if you made money from sources in a state you don’t live in. Some examples are:
- Wages or income you earned while working in that state
- Out-of-state rental income, gambling winnings, or profits from property sales
- S Corporation or partnership income
- Beneficiary income from a trust or estate
- For active-duty military: non-military income earned outside your state of legal residence
- If your employer withheld taxes for the wrong state
Home Sale Capital Gain Exclusion
Military Extension of Capital Gain Exclusion - Details are in this link
Military Family Tax Benefits - IRS
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April 13, 2022
9:13 PM