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?

posted

Connect with an expert

1 Best answer

Accepted Solutions

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.

View solution in original post

2 Replies

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.

Still have questions?

Make a post

Manage cookies

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

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?

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?

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?

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?

Get more help

Do you have a TurboTax Online account?

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?

Do you have an Intuit account?

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?

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?

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?

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert