HOW TO HANDLE CAPITAL GAINS TAX WHEN SELLING PROPERTY IN THE SUNSHINE STATE

When offloading a property in Florida, you won’t encounter a state-level capital gains tax, boosting your profits. You ought to think about the IRS's principal residence exemption if you've resided in the property for at least two of the past five years—allowing up to $500,000 exclusion for joint filers or $250,000 if unmarried. Improvements ca