How to Manage Capital Gains Taxes When Selling Property in the Sunshine State
When offloading a residence in FL, you will not be subject to a state-level capital gains tax, maximizing your earnings. You may want to consider the federal government’s primary residence exclusion if you've resided in the property for two out of five previous years—granting up to a $500,000 tax exemption for married couples or $250,000 for si