THE SUNSHINE STATE'S CAPITAL GAINS TAXES: WHAT YOU NEED TO KNOW

When offloading a home in FL, you won’t encounter a state-level capital gains tax, boosting your profits. You may want to evaluate the IRS's principal residence exemption if you've lived there for two of the last five years—permitting up to $500,000 in exempted gains for spouses or $250,000 for others. Upgrades can increase your property's wort