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Old 11-22-2004, 03:04 PM
jurgens_39
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selling house

What is the name of your state?Florida or Alaska
I'm renting in Florida and Living in home in Alaska. If I sell my home in Flordia is there any penalties on capital gains.
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Old 11-22-2004, 04:26 PM
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You have 2 homes 1 in Alaska and 1 in Florida. You said you're "renting in Florida" so I am assumining that the Florida home is being used as a rental and that you are claiming the income (and expenses) on Schedule E of your federal income tax return. The Florida home is your second home so when you sell it, you will incur capital gains.
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Old 11-22-2004, 09:31 PM
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Quote:
Originally Posted by jurgens_39
What is the name of your state?Florida or Alaska
I'm renting in Florida and Living in home in Alaska. If I sell my home in Flordia is there any penalties on capital gains.
**A: this is not the tax law forum.
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