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

When selling a property in FL, you don't face state capital gains tax, maximizing your profits. You should think about the Internal Revenue Service’s main home exclusion if you've lived there for two of the last five years—allowing up to $500,000 exclusion for spouses or $250,000 for single filers. Improvements can boost your property's worth,