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

When selling a home in the Sunshine State, you won’t encounter state-imposed capital gains taxes, boosting your returns. You ought to think about the Internal Revenue Service’s main home exclusion if you've resided in the property for two out of five previous years—granting up to a $500,000 tax exemption for joint filers or $250,000 if unmarr