Do I have to pay Ohio tax on money obtained from the sale of property in Florida? Do I have to pay Florida taxes?

[DawnC0 · Accepted solution]

As mentioned above, if you are an Ohio resident, you pay tax to the state of Ohio on all of your income no matter what state the income originated from.  All income from your federal return is transferred to the resident OH state return.  TurboTax will walk you through the federal and OH state return to ensure the property sale is properly reported.  

And no, you do not have to pay any Florida income tax on the sale as Florida does not tax income.

[Hal_Al]

If you are an Ohio resident, you must pay OH income tax on all your income regardless of where earned. So, if the sale results in reportable income on your federal return, it is taxable on your OH return too.
 
if the property sold was rental property, the capital gain on the sale (including depreciation recapture) is eligible for Ohio's small business deduction.

Florida does not have an income tax.