WAYS TO MANAGE CAPITAL GAINS TAXES WHEN SELLING A HOME IN FLORIDA

When offloading a residence in the Sunshine State, you won’t be subject to state capital gains tax, boosting your earnings. You ought to consider 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 in exempted gains for spouses or $250,000 if unmarried. Renovations ca