Assuming we want to have / keep two homes, one if FL (winter) and one in NY (summer - if there is one )
Two considerations for maintaining a NY residency are:
1.(Copied from an article
What's the best tax break available to Jane and John Q. Public? If they're homeowners, it's selling their house.
Homeowners already know the many tax breaks that Uncle Sam offers, most notably mortgage interest and property tax deductions. Well, he also has good tax news for home sellers: Most of them won't owe the Internal Revenue Service a single dime.
When you sell your
primary residence, you can make up to $250,000 in profit if you're a single owner, twice that if you're married, and not owe any capital gains taxes.
Bottom line here is if you have Fl as your Primary residence and sell you NY house later you may not be able to claim the tax break on the sale. I do believe there is a time frame for the sale.
2
In NY there is also an exemption for NY primary residence (STAR) which could also offset becoming a FL resident.
I'm in investigate mode at this point and am well aware of the NY tax (especially after recently selling stock to buy our TV home). I don't want to jump into another State to save tax and loose on something like the capital gains on our house in NY if we do decide to sell it at some point near.
BTW we will be testing the water in TV in July to see if we can take the heat and to also kick the tires on our new home in Caroline before the 1 yr warranty is up (TVs will fix everything under warranty for 1 yr).