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Updated over 3 years ago on . Most recent reply presented by

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Kelly G.
  • Florissant, CO
69
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184
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Tax (CPA also?) help needed: selling sfh in WI; CO resident

Kelly G.
  • Florissant, CO
Posted

Greetings;

I will be selling my sfh in Milw soon;  this house was a rental for several years, but I have been living here for the past 3+ years.  But I retained my CO residency where I have another house ("my" house).  Need tax advice - maybe 1031 help?  Do I need someone just familiar with WI taxes - or WI and CO taxes - or one of each? 

The WI house will sell below $250k cap gains limit - if I claim that (should I claim that?). 

Thanks

Kelly

Most Popular Reply

User Stats

184
Posts
69
Votes
Kelly G.
  • Florissant, CO
69
Votes |
184
Posts
Kelly G.
  • Florissant, CO
Replied

@Ashish Acharya -  Thanks for the info.  Don't think I'll have a problem showing this as my 'primary' residence as I haven't even set foot in my CO house in 3+ years (yikes! time does fly). 

@Dave Foster - Shows you what I know about 1031s!!  :-) (insert sheepish grin here). 

so since each of you live in different states, neither of which is WI or CO - and you seem to know about these matters - does this mean I can ask "any" CPA/Tax pro about this issue?  This sale will affect my WI state taxes, so maybe better to find a CPA/Tax person here before I leave?

Thanks

Kelly 

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