Discussion:First Time Homebuyer Credit Domicile
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Discussion Forum Index --> Basic Tax Questions --> First Time Homebuyer Credit Domicile
Discussion Forum Index --> Tax Questions --> First Time Homebuyer Credit Domicile
| 8 February 2010 | |
| I have a client who is in the military and has been a FL. resident for years. All his income is on a "Florida" W2. He purchased a home in 2009 in Massachusetts. In order to claim the first time homebuyer credit, you are declaring your new home as your place of legal residence. Because of this, I believe he has established a new legal domicile in Massachusetts. Is his Florida income now subject to Massachusetts taxes?? | |
| 8 February 2010 | |
| If he worked in Florida before moving to Massachusetts, I do not see why his income should be taxable in Massachusetts. | |
| 8 February 2010 | |
| Only that portion earned while living in Massachusetts will taxable to MA this year (November and December). But next year, since he has claimed a new legal principal home in MA, I believe his new domicile has changed from FL to MA and therefore all his FL income is taxable to MA. (he hasn't lived in FL for a few years - he ownes/owned no home there). Do you agree? | |
Death&Taxes (talk|edits) said: | 8 February 2010 |
| You might read this: Discussion: Military Residence and the Soldiers & Sailors Defense Act | |
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