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How do taxes work with a second home?
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I live in Colorado but might get a small place in NYC or Florida. Do I need to stay in one home for more than 6 months to claim taxes in that specific state? I dont want to get into a situation where there is debate where my taxes are owed.

Also if I sell do I own the state any tax on the sale in the second home state?

This is probably a CPA question but just seeing if anyone has this current situation and can lend some info.

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All my income is capital gains/divs fyi

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Thought of that years ago but Im not willing to do it for lifestyle reasons.

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Knowing myself ill probably never rent it out. Will do. Didnt know that about capital gains in FL very interesting. Thanks.

[not loaded or deleted]

That is absolutely Orwellian and sounds very CA

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1 year ago