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merck2011
New Member

I sold 2 homes in 2018. One in NJ (Primary) and a second home in NJ. Do I have to file a tax form in Florida and is the profit taxed in both Florida and New Jersey?

Sold Primary home in NJ which is within the exemptions that are exempt to file. Sold second home in Florida and made a profit of approximately $20,000. Bought it in 2010. Never rented. Is this profit form the sale of the Florida Home a requirement to file in Florida? If so, does this profit get taxed in Florida and New Jersey?

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KrisD
Intuit Alumni

I sold 2 homes in 2018. One in NJ (Primary) and a second home in NJ. Do I have to file a tax form in Florida and is the profit taxed in both Florida and New Jersey?

There is no filing requirements for individuals for the state of Florida. 

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2 Replies
KrisD
Intuit Alumni

I sold 2 homes in 2018. One in NJ (Primary) and a second home in NJ. Do I have to file a tax form in Florida and is the profit taxed in both Florida and New Jersey?

There is no filing requirements for individuals for the state of Florida. 

I sold 2 homes in 2018. One in NJ (Primary) and a second home in NJ. Do I have to file a tax form in Florida and is the profit taxed in both Florida and New Jersey?

In other words, the gain on the sale of the Florida property is taxed federally and by NJ.
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