Quote:
Originally Posted by Pugchief
Exactly, and that is my plan. My UpNorth state has an income tax, FL does not.
But I'm wondering if there are any downsides to being a FL resident vs just keeping my current status.
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If you’re a Florida resident and later on decide to sell your house in another state, you may owe the full capital gains tax on the amount of your gain. No exemptions if it’s not your primary residence anymore.