topic I inherited property in Florida that has been sold. Do I need to pay taxes on this? I am in Pa. in Deductions & credits

I inherited property in Florida that has been sold. Do I need to pay taxes on this? I am in Pa.

saleens300 — Mon, 23 Feb 2026 09:33:58 GMT

Re: I inherited property in Florida that has been sold. Do I need to pay taxes on this? I am in Pa.

ErnieS0 — Wed, 01 Feb 2023 00:15:30 GMT

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?

Re: I inherited property in Florida that has been sold. Do I need to pay taxes on this? I am in Pa.

ee-ea — Wed, 01 Feb 2023 00:28:33 GMT

See this PA info

https://www.revenue.pa.gov/TaxTypes/InheritanceTax/Pages/default.aspx

Re: I inherited property in Florida that has been sold. Do I need to pay taxes on this? I am in Pa.

saleens300 — Sat, 04 Feb 2023 15:43:10 GMT

The property sold shortly after death. I only received 1/3 of the total sale. From what I am reading the house value is what it was worth at death? And if it sells for more then it is capital gains. With me only receiving 1/3 value do I need to do anything ?