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| Rich Carreiro wrote: - quote - > "A.G. Kalman" <glendale202-mtm[at]yahoo.com> writes:
Sounds more like the commission on the sale: 6%.> > There is no FL general sales tax on the buying and selling > > of homes. You must be mistaken. > Perhaps the original poster is confusing a deed recording > tax or other transfer tax with a sales tax? -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
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| "A.G. Kalman" <glendale202-mtm[at]yahoo.com> writes: - quote - > There is no FL general sales tax on the buying and selling
Perhaps the original poster is confusing a deed recording> of homes. You must be mistaken. tax or other transfer tax with a sales tax? -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
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| Dannie wrote: - quote - > Just retired and my wife and I moved from NJ to Florida.
No deduction as the attorney fees are part of your selling> Closing in NJ was in October and buying of new home in Fl > was in December. > I use my new Florida address on my federal return but is > there a "moving address form" to go with my tax return. > We lived in house since 1960 and sold home for $250000 so > from what I read we have a $500,000 credit so there is no > form to fill in there. Am I correct? > We got a Sellers Closing Statement and aside from taxes we > paid (I believe we can claim) would we be able to deduct > what we paid our attorney for the closing? Anything else? expenses that reduce the gross selling price to net proceeds. Any real property taxes you had to pay would be deductible. Any qualified mortgage interest you prepaid for the first month should be included on your Form 1098 at the end of the year. - quote - > On our Florida home I notice a Sales Tax of 6%. I assume I
There is no FL general sales tax on the buying and selling> can put that on Schedule A to go with 'new table' amount. Is > this correct? of homes. You must be mistaken. - quote - > TIA for considering my questions. Since the move is not part
Right.> of a job I assume our moving expenses are not covered. > Right? -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| "Dannie" <sloopoke.noname[at]nospam.optonline.net.lga.highwinds-media.com> wrote: - quote - > Just retired and my wife and I moved from NJ to Florida.
Form 8822.> Closing in NJ was in October and buying of new home in Fl > was in December. > I use my new Florida address on my federal return but is > there a "moving address form" to go with my tax return. - quote - > We lived in house since 1960 and sold home for $250000 so
Correct.> from what I read we have a $500,000 credit so there is no > form to fill in there. Am I correct? - quote - > We got a Sellers Closing Statement and aside from taxes we
Nothing else besides the real property tax> paid (I believe we can claim) would we be able to deduct > what we paid our attorney for the closing? Anything else? - quote - > On our Florida home I notice a Sales Tax of 6%. I assume I
If the real estate sales tax is at the same rate as general> can put that on Schedule A to go with 'new table' amount. Is > this correct? sales tax, yes. - quote - > TIA for considering my questions. Since the move is not part
Correct. Enjoy Florida (a few days each winter, we have the> of a job I assume our moving expenses are not covered. > Right? distinction of having warmer weather than many parts of FL) -- Tom Healy, CPA Boulder, CO Web: http://www.tomhealycpa.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
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| Just retired and my wife and I moved from NJ to Florida. Closing in NJ was in October and buying of new home in Fl was in December. I use my new Florida address on my federal return but is there a "moving address form" to go with my tax return. We lived in house since 1960 and sold home for $250000 so from what I read we have a $500,000 credit so there is no form to fill in there. Am I correct? We got a Sellers Closing Statement and aside from taxes we paid (I believe we can claim) would we be able to deduct what we paid our attorney for the closing? Anything else? On our Florida home I notice a Sales Tax of 6%. I assume I can put that on Schedule A to go with 'new table' amount. Is this correct? TIA for considering my questions. Since the move is not part of a job I assume our moving expenses are not covered. Right? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| moving, questions |
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