WAYS TO MANAGE CAPITAL GAINS TAX WHEN SELLING PROPERTY IN FLORIDA

When selling a home in the Sunshine State, you will not face state capital gains tax, enhancing your profits. You should think about the Internal Revenue Service’s primary residence exclusion if you've occupied the home for at least two of the past five years—permitting up to $500,000 in exempted gains for joint filers or $250,000 if unmarried.