UNDERSTANDING CAPITAL GAINS TAXES IN THE SUNSHINE STATE

When listing a home in Florida, you will not face a state-level capital gains tax, maximizing your profits. You ought to think about the IRS's primary residence exclusion if you've resided in the property for two of the last five years—allowing up to $500,000 exclusion for spouses or $250,000 if unmarried. Renovations can raise your real estateâ€