Ways to Handle Capital Gains Taxes When Selling Property in the Sunshine State
When listing a home in Florida, you will not face state capital gains tax, maximizing your earnings. You may want to consider the federal government’s main home exclusion if you've occupied the home for two of the last five years—permitting up to a $500,000 tax exemption for spouses or $250,000 for others. Upgrades can increase your property's