FLORIDA'S CAPITAL GAINS TAX: A COMPREHENSIVE GUIDE

When offloading a property in FL, you don't face state-imposed capital gains taxes, boosting your earnings. You should evaluate the IRS's main home exclusion if you've resided in the property for two of the last five years—allowing up to $500,000 in exempted gains for married couples or $250,000 if unmarried. Upgrades can increase your property's