HOW TO HANDLE CAPITAL GAINS TAXES WHEN SELLING PROPERTY IN FLORIDA

When selling a home in Florida, you won’t face a state-level capital gains tax, maximizing your returns. You ought to evaluate the IRS's primary residence exclusion if you've occupied the home for two out of five previous years—allowing up to $500,000 exclusion for joint filers or $250,000 if unmarried. Upgrades can boost your property's worth,