Tnks Zcaveman for the suggestion. I currently reside in NJ as I have not sold my house yet, but I also own a house in the Villages. Although I will be in TV for eight months of the year and NJ in the 4 summer months, I do not want to become a Floridian yet until my NJ house sells. If it takes a long time to sell and I become a Floridian now, I might suffer significant capital gain losses when I sell NJ. I realize I would have 3 years to sell NJ and not have to pay capital gains, but will it sell in 3 years with this current market? Such is my problem.
Your suggestion about seeing a lawyer is a good one and I will act on it as soon as I make Florida my primary residence.
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