Sale of rental home
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Sale of rental home

 
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Robin



Joined: 15 Jun 2006
Posts: 1
Location: CA
Posted: Thu Jun 15, 2006 12:24 am    Post subject: Sale of rental home Reply with quote
I am active duty military stationed in CA. I am a legal resident of FL (no state income tax). I own a home in CA, my primary residence. I am looking to sell my rental home in FL. What type of situation does this put me in when paying capital gains tax on the sale of my rental home? I will loose my FL residency next year. Would it be benefical to sell the FL home now? What can I do to reduce my taxes?
Any help would be greatly appreciated!
Robin

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