HOW TO MANAGE CAPITAL GAINS TAX WHEN SELLING PROPERTY IN FLORIDA

When offloading a residence in Florida, you won’t face state capital gains tax, boosting your profits. You may want to consider the Internal Revenue Service’s primary residence exclusion if you've lived there for two of the last five years—permitting up to $500,000 exclusion for joint filers or $250,000 if unmarried. Improvements can increase