WAYS TO HANDLE CAPITAL GAINS TAX WHEN SELLING A HOME IN THE SUNSHINE STATE

When offloading a residence in Florida, you won’t face state-imposed capital gains taxes, enhancing your profits. You may want to consider the IRS's main home exclusion if you've occupied the home for at least two of the past five years—allowing up to a $500,000 tax exemption for joint filers or $250,000 for single filers. Upgrades can raise yo