How to Manage Capital Gains Tax When Selling Property in the Sunshine State
When offloading a home in FL, you won’t face state-imposed capital gains taxes, enhancing your profits. You should evaluate the Internal Revenue Service’s main home exclusion if you've resided in the property for two out of five previous years—allowing up to a $500,000 tax exemption for married couples or $250,000 for others. Upgrades can rai