HOW TO MANAGE CAPITAL GAINS TAXES WHEN SELLING PROPERTY IN FLORIDA

When offloading a property in FL, you won’t encounter a state-level capital gains tax, maximizing your returns. You ought to consider the Internal Revenue Service’s main home exclusion if you've lived there for two out of five previous years—allowing up to $500,000 exclusion for spouses or $250,000 for single filers. Renovations can raise you