Will I owe Maryland capital gains/income tax on a primary residence home sale in Florida? I am a new resident of Maryland.

[dkhuang10]

I lived in the house in Florida for over five years as my primary residence, so I know that for federal taxes, I will not owe for capital gains. However, I am not sure if Maryland will tax me on the capital gains.

thank you!

[CalCountry · Accepted solution]

Maryland conforms to the federal provisions on exclusion of capital gain on the sale of a principal residence.  So, whatever gain was excluded from taxation on your federal return will be exempt from taxation on your Maryland state income tax return.