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abvocal1
New Member

What should I be prepared for, in filing my taxes when I have to file in 2 different states, having sold a home in FL and purchasing a home in Ga, and also retiring?

I worked a full time job for 6 months in FL.  Then I filed for Social Security in Ga.  Also Ga has State Tax, Florida does not.
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2 Replies

What should I be prepared for, in filing my taxes when I have to file in 2 different states, having sold a home in FL and purchasing a home in Ga, and also retiring?

You will be filing a part-year GA return.  FL has no state income tax so unless you have something you have not mentioned like rental property or a FL based business, you will not file a FL return.

https://ttlc.intuit.com/questions/1901227-how-do-i-file-a-part-year-state-return

 

As for selling your home:

 

If your gain was more than  $250,000 filing Single, or more than $500,000 filing Married Filing Jointly the sale must be reported on your tax return.  Whether you re-invested the gain in to another house is irrelevant.  If you  have a Form 1099-S go to Federal>Wages and Income>Less Common Income>Sale of Home (gain or loss)

 

If you owned and lived in the home as your primary residence for at least 2 of the last 5 years on the date of the sale, you do not have to report the home sale if the gain is less than $250K filing Single, or less than $500K filing Married Filing Jointly (and you both owned and lived in the home for at least 2 years).

  • If you are using online TT, you need Premium software to report the 1099-S

If you have retired and are receiving retirement income like Social Security, pension or retirement account distributions, those are entered in a different place in the software.

 

Social Security sends you a SSA1099 in January

Do not try to enter your SSA1099  or RR1099RB as a W-2.  Go to Federal> Wages & Income>>Retirement Plans and Social Security  (SSA1099 and 1099RRB) to enter your SSA1099.

 

Pensions and/or many other kinds of retirement income are reported on a  1099R that you will get in late January or early February

 

To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.

 

 

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

What should I be prepared for, in filing my taxes when I have to file in 2 different states, having sold a home in FL and purchasing a home in Ga, and also retiring?

 

FLORIDA

 

Florida does not have a state income tax.   You should have skipped the FL tax unless you own rental property  in FL or a FL based business.

Florida has a  tangible personal property tax form that is used in a Florida-located business or rental property and is filed with the county property appraiser by April 1st. 

If you do need to file a Form DR-405, nothing will print (except an instruction sheet) unless assets were transferred or you manually entered assets in the DR-405 worksheet. 

If you do not have tangible personal property to report, choose   Skip State   in the   State Taxes   section.

If you proceeded past the warning screens, try deleting the Florida return --> https://ttlc.intuit.com/questions/1900608

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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