If I sell a second home in North Carolina and have a net gain does it need to be reported on a NC state return

[pacmansr]

I sold a second home in North Carolina that I owned for 2 years.  I had a net profit on the sale of 10000. Does this need to be reported on a NC state return

[TomD8 · Accepted solution]

Yes.  A capital gain on a second home is taxable by the state in which the property was located, whether you are a resident of that state or not.  In fact, many states require a non-resident seller to make an estimated state tax payment at the time of closing.