HOW TO HANDLE CAPITAL GAINS TAXES WHEN SELLING PROPERTY IN THE SUNSHINE STATE

When offloading a residence in Florida, you won’t face state capital gains tax, maximizing your returns. You ought to evaluate the Internal Revenue Service’s main home exclusion if you've lived there for two of the last five years—granting up to a $500,000 tax exemption for married couples or $250,000 if unmarried. Improvements can raise your