The State of Florida requires reporting of corporate income tax returns. Your corporation needs to report this sales on the corporate income tax return to the State of Florida.
Corporations registered and incorporated in Puerto Rico enjoys many tax benefits, but this capital gain or mostly likely capital loss, based on your description, need to be reported to the State of Florida. However, according to the description above, we cannot tell whether you will have a loss or gain and how much to pay to the State of Florida. Most basically, we have not seen the business purpose of the corporation condo.
This requirement has no relationship with whether you are retired or not. This requirement is made on your corporation.
Please feel free to follow up.
Fiona Chen, MPA, Ph.D., CPA, ABV, CFF, CITP