Quote:
Originally Posted by Wondering
My understanding, for IRS, is if the house you are buying cost more than the house you sold there is no capital gains jeopardy. I would think Florida tax would be the same.
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A far as I know, there is no Florida tax. For complicated matters I also like the idea of an Enrolled Agent. However, we had a situation of selling our former residence-turned-rental property in 2012 and I filled out the tax return and required forms myself. Never heard a peep about it from the IRS.