WAYS TO MANAGE CAPITAL GAINS TAX WHEN SELLING PROPERTY IN THE SUNSHINE STATE

When offloading a property in FL, you don't face state capital gains tax, enhancing your profits. You should think about the federal government’s principal residence exemption if you've resided in the property for two out of five previous years—allowing up to $500,000 exclusion for spouses or $250,000 for others. Improvements can increase your