I moved to Florida. How much will I owe on my N.J. home sale?

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Tax breaks for vacation or second homes are different from primary residences.

Karin Price Mueller | NJMoneyHelp.com for NJ.com

Q. I’ve owned a home in New Jersey for the past 30 years. In 2018, I purchased a condo in Florida and transferred my residency to Florida since I am there over six months a year. I no longer file a state tax return in New Jersey. I am thinking of selling the New Jersey property, for which I paid $435,000 but it is now worth $735,000. I probably have $100,000 in improvements to the property.

 

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We won't miss you!!!

You moved to Florida. Have you been checked out for dementia?

Whatever you owe it’s worth it !🌴

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