Changing home residence question
We snow bird to Florida every winter and now live there just as much as we do in NC and are thinking of changing our home residence to there. We already have a mail address there. Can anyone who h...
Forum Discussion
bucky wrote:
We have been looking into this as well. The kids and grandkids are in NC but FL has much better tax consequences.
I have a buddy that sold his MD house to his daughter for a dollar to make sure he didn't have any problems but that was a little extreme I thought. It opens him up to some chucklehead running off with his daughter and selling the house.
FL requires that you are there 6 months to maintain domicile, but that's tough to prove. It doesn't mean you can't go to OBX for vacation for example.
No state income tax is a big number to not have to pay, and I want to live in FL anyway but with those grandkids in NC I'm not going to win that one :).
PawPaw is right, talk to a NC lawyer about that end. Looking at the map you have the perfect combo, cool summers in the hills of NC and warm winters in FL. We used to live in Wilkesboro, the summer Floridians helped the economy a lot.
Good luck with all of it.
We found that in addition to what you said that living in Florida you get a big break on your residence taxes with their "Homestead exemption"
We will definitely be doing it and starting the change over once we get down there next month.
We have already done a bunch of research and there is no need to talk to a lawyer. We would just like to hear from others that have done it.
Jack L
Jack L
