UNDERSTANDING CAPITAL GAINS TAX IN THE SUNSHINE STATE

When offloading a property in FL, you don't encounter state capital gains tax, boosting your earnings. You may want to think about the IRS's main home exclusion if you've resided in the property for two out of five previous years—permitting up to $500,000 in exempted gains for joint filers or $250,000 if unmarried. Renovations can increase your h