HOW TO MANAGE CAPITAL GAINS TAXES WHEN SELLING PROPERTY IN FLORIDA

When offloading a home in FL, you don't face a state-level capital gains tax, boosting your profits. You ought to think about the IRS's principal residence exemption if you've occupied the home for two out of five previous years—allowing up to a $500,000 tax exemption for joint filers or $250,000 for others. Renovations can increase your property