WAYS TO HANDLE CAPITAL GAINS TAX WHEN SELLING PROPERTY IN THE SUNSHINE STATE

When offloading a home in Florida, you don't encounter a state-level capital gains tax, boosting your returns. You may want to think about the Internal Revenue Service’s main home exclusion if you've resided in the property for two out of five previous years—granting up to a $500,000 tax exemption for spouses or $250,000 if unmarried. Upgrades