Active Duty home of record in SC. Duty station was in MA where I bought a home. PCS to Virginia and sold my home for a $56K profit. Do I need to file state taxes with MA?

tactrng — Tue, 04 Jun 2019 21:09:52 GMT

Lived in MA for 4 years before pcs move and sale of home and is my move reimbursement considered military wages?

The move reimbursement is not considered wages. You will...

DanaB — Tue, 04 Jun 2019 21:09:53 GMT

The move reimbursement is not considered wages.

You will need to report the sale of the home but should qualify for the exclusion of the gain since you owned and used the home for at least 2 of the 5 years before the sale (on the federal and MA return).

The maximum amount of gain from selling a principal residence that you can exclude is:

$250,000 for a single, head of household, or married separate filer
$500,000 for married joint filer

topic Active Duty home of record in SC. Duty station was in MA where I bought a home. PCS to Virginia and sold my home for a $56K profit. Do I need to file state taxes with MA? in Deductions & credits

Active Duty home of record in SC. Duty station was in MA where I bought a home. PCS to Virginia and sold my home for a $56K profit. Do I need to file state taxes with MA?

The move reimbursement is not considered wages. You will...