WAYS TO HANDLE CAPITAL GAINS TAX WHEN SELLING PROPERTY IN FLORIDA

When selling a residence in the Sunshine State, you will not encounter state capital gains tax, maximizing your earnings. You may want to consider the IRS's main home exclusion if you've resided in the property for two of the last five years—granting up to $500,000 exclusion for joint filers or $250,000 if unmarried. Upgrades can increase your ho