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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]For those living between FL and high-income-tax states, how do you handle capital gains, dividends, bonus, other stuff to minimize the tax bill?

Can you time those so they happen while in FL and then you avoid state tax?[/quote]

It's not a question of when the gains happen.  It's a question of which state is your primary residence -- i.e. where do you spend MOST of your time.  That state is going to be the state you file in for state taxes.  If you spend more than 50% of your time in Florida, then you qualify as a Florida resident.[/quote]

Imagine being a FL resident, but still spending 5 months a year in DC or MD.

Should you time selling stock, any bonus/ commission for the time you're in FL, or it doesn't matter?[/quote]

It doesn't matter.  You pay taxes in your state of residence.  If you travel to another state for a week, do you worry about whether your investments produced income during that week?  If you are in a state less than 6 months, you are effectively on an extended vacation.

[u]Earned[/u] income is a different thing.  If you have an office that pays you directly in a state, if that state does not have a reciprocity agreement with your state of residence, then you may end up paying state tax in the state in which it is earned.

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