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

When offloading a property in FL, you won’t be subject to state capital gains tax, maximizing your profits. You should think about the federal government’s main home exclusion if you've occupied the home for two of the last five years—permitting up to a $500,000 tax exemption for spouses or $250,000 if unmarried. Upgrades can raise your homeâ