WAYS TO HANDLE CAPITAL GAINS TAX WHEN SELLING PROPERTY IN FLORIDA

When listing a property in the Sunshine State, you don't face a state-level capital gains tax, maximizing your profits. You ought to evaluate the IRS's main home exclusion if you've lived there for two out of five previous years—allowing up to $500,000 in exempted gains for joint filers or $250,000 for others. Upgrades can increase your property'