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

When selling a property in Florida, you don't encounter a state-level capital gains tax, boosting your returns. You may want to consider the federal government’s principal residence exemption if you've resided in the property for two out of five previous years—permitting up to $500,000 exclusion for joint filers or $250,000 for others. Renovati