HOW TO HANDLE CAPITAL GAINS TAXES WHEN SELLING PROPERTY IN FLORIDA

When listing a property in the Sunshine State, you don't encounter a state-level capital gains tax, boosting your returns. You may want to evaluate the federal government’s primary residence exclusion if you've occupied the home for at least two of the past five years—allowing up to $500,000 in exempted gains for joint filers or $250,000 for si