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

When selling a residence in the Sunshine State, you don't be subject to a state-level capital gains tax, boosting your returns. You ought to consider the Internal Revenue Service’s primary residence exclusion if you've occupied the home for at least two of the past five years—allowing up to $500,000 in exempted gains for joint filers or $250,00