Ways to Manage Capital Gains Taxes When Selling Property in the Sunshine State
When selling a residence in Florida, you will not be subject to state capital gains tax, boosting your returns. You may want to evaluate the IRS's primary residence exclusion if you've resided in the property for two of the last five years—permitting up to $500,000 exclusion for married couples or $250,000 for others. Renovations can increase you