How to Handle Capital Gains Taxes When Selling Investment Properties in the Sunshine State
When listing a residence in Florida, you will not face a state-level capital gains tax, maximizing your returns. You ought to consider the federal government’s primary residence exclusion if you've occupied the home for two out of five previous years—granting up to $500,000 in exempted gains for joint filers or $250,000 if unmarried. Upgrades c