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Old 07-04-2016, 03:06 PM
 
1 posts, read 497 times
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We own a second home in pa and are residents of Florida. One day we will sell this pa property. Does pa tax the capital gains on the sale?
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Old 07-05-2016, 04:29 PM
 
Location: Montco PA
2,082 posts, read 4,437,884 times
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Yes.

The below article discusses the exclusion of gain on the sale of a "principal residence," which this PA property is not to you, based on your post, and presumably never was. But, there is a section at the end that talks about selling property in PA where the rules to exclude the gain aren't met.

http://www.revenue.pa.gov/FormsandPu...ax/rev-625.pdf
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