HOW TO MANAGE CAPITAL GAINS TAXES WHEN SELLING PROPERTY IN FLORIDA

When selling a property in Florida, you won’t encounter a state-level capital gains tax, boosting your returns. You ought to evaluate the IRS's main home exclusion if you've resided in the property for two out of five previous years—allowing up to $500,000 in exempted gains for spouses or $250,000 for single filers. Improvements can raise your