WAYS TO MANAGE CAPITAL GAINS TAXES WHEN SELLING PROPERTY IN FLORIDA

When selling a home in the Sunshine State, you will not face state-imposed capital gains taxes, enhancing your profits. You ought to think about the Internal Revenue Service’s primary residence exclusion if you've occupied the home for at least two of the past five years—permitting up to $500,000 exclusion for spouses or $250,000 if unmarried.