Question

Will I be subject to tax in Michigan if I sell my home in Florida in 2023 and become a Michigan resident?

Forum|Forum|3 years ago
January 4, 2023
2 replies
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I am under the limit for federal capital gains tax. currently Florida resident moving to MI.

TurboTax Online

Employee

Once you become a resident of Michigan, all your income from that point on - regardless of its source - becomes subject to Michigan state income tax. You become a resident of Michigan when you begin living there with the intent of making it your new domicile (your main, primary home).

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

Hal_Al

Employee

Michigan follows the federal rules on home sale exclusion. So, even if you sell your FL home after the move to MI, you will not be subject to MI income tax.