How to Handle Capital Gains Tax When Selling Property in the Sunshine State
When listing a home in FL, you won’t be subject to state-imposed capital gains taxes, boosting your earnings. You ought to evaluate the federal government’s principal residence exemption if you've lived there for two of the last five years—allowing up to a $500,000 tax exemption for spouses or $250,000 for single filers. Renovations can incre